No, this post is not about a Bollywood film. This is about financial markets. Here, too the police arrives on the scene in the end in most cases – there are exceptions, though.
The SEC Act was passed by the US Congress after the stock market crash of 1929-1933. The Indian parliament passed SEBI Act in 1992 after the market had crashed.
We would see many new regulations come up after each episode of a market crash. However,. the crashes cannot be stopped. The advantage of new regulations is that some elements are discouraged to try and take advantage of the gullible.
#RidingTheRollerCoaster – 202