Legal News for Fri 6/6 - SEC Lawsuit Dismissed, OpenAI Appeals NYT Case Data Retention, Trump Pushes to Defund Legal Aid for Poor Americans, and Direct File on GitHub
This Day in Legal History: SEC Established
On this day in legal history, June 6, 1934, the United States Securities and Exchange Commission (SEC) was established as part of the sweeping reforms of the New Deal. The SEC was created by the Securities Exchange Act of 1934 in response to the stock market crash of 1929 and the ensuing Great Depression, which exposed widespread fraud, manipulation, and lack of oversight in the financial markets. Its primary mission was, and remains, to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.
President…
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