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Industry Regulations & Compliance Flashcards

7 cards from real SOL practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Industry Regulations & Compliance flashcards as text

  1. The Securities and Exchange Commission (1934) was created to regulate what?

    Answer: The stock market

    The SEC oversees securities markets to prevent fraud like that before the 1929 crash.

  2. What did the Federal Deposit Insurance Corporation (FDIC) do for Americans?

    Answer: Insured bank deposits

    The FDIC restored confidence by protecting savings if a bank failed.

  3. The Glass-Steagall Act of 1933 separated which two activities?

    Answer: Commercial banking and investment banking

    It kept ordinary deposit banks from speculating in the stock market.

  4. The Wagner Act of 1935 guaranteed workers what right?

    Answer: To organize and bargain collectively

    It protected unions and created the National Labor Relations Board.

  5. The Fair Labor Standards Act of 1938 established which of the following?

    Answer: Federal minimum wage and limits on child labor

    It set a minimum wage, overtime rules, and restrictions on child labor.

  6. The Tennessee Valley Authority was created to do what?

    Answer: Provide flood control and cheap electricity

    The TVA built dams to bring power and development to a poor region.

  7. Why did the Supreme Court strike down the National Industrial Recovery Act in Schechter Poultry v. United States (1935)?

    Answer: It gave Congress too much power over commerce within a state

    The Court ruled the law reached business that was not truly interstate commerce and delegated too much power.

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Sources & references

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  1. doe.virginia.gov — Test dates, eligibility, time limit, retake policy, score validity, passing score, exam format · verified Nov 2026