The genealogy (by name): the bubble-era statutes (the South Sea Bubble's aftermath), the US Blue Sky laws (the states' early-1900s anti-fraud statutes), and the great settlement: the 1929
crash → the Securities Act 1933 (the issuance's disclosure regime) and the SecuritiesExchange Act 1934 (the markets' regulation and the SEC's creation) — disclosure-as- philosophy replacing the caveat emptor. The UK's lineage: the prevention-of-fraud acts to the FSA/ FCA eras; the common law's own faces (the misrepresentation-and-fiduciary actions) — and the modern codification's global spread (India's SEBI era; the EU's prospectus-and-MiFID regimes).