Securities Acts Amendments of 1975

The Securities Acts Amendments of 1975 is a U.S. federal law that amended the Securities Act of 1933 and the Securities Exchange Act of 1934.{{usc|15|77a}} et seq., {{usc|15|78a}} et seq. It was enacted by the 94th United States Congress and signed into law by President Gerald Ford on June 4, 1975.{{USPL|94|29}} The Securities Acts Amendments imposed an obligation on the Securities and Exchange Commission to consider the impacts that any new regulation would have on competition.{{cite book |last=Goldberg |first1=Lawrence G. |last2=White |first2=Lawrence J. |title=The Deregulation of the Banking and Securities Industries |date=2003 |publisher=Beard Books (reissue) |isbn=978-1587981678 }} The law also empowered the Securities and Exchange Commission (SEC) to establish a national market system and a system for nationwide clearance and settlement of securities transactions, enabling the SEC to enact Regulation NMS, and created the Municipal Securities Rulemaking Board (MSRB), a self-regulatory organization that writes investor protection rules and other rules regulating broker-dealers and banks in the United States municipal securities market.