The article discusses the history of securities laws in the United States, starting from the stock market crash of 1929. It explores the need for regulations to provide investors with accurate and transparent information about securities being sold. The Securities Act of 1933 and the Securities Exchange Act of 1934 were passed to address these issues. The article also examines the Morrison v. National Australia Bank case, where the Supreme Court rejected a test used by the Second Circuit to determine the jurisdiction of US courts in foreign securities litigation. The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted to overturn the Morrison decision and its potential impact on future litigation is discussed.