Why did FDR create the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC) ? l?

He created it to back people's money up just in case the economy ever faiiled again.

The SEC and FDIC were established by the New Deal. These two agencies - the Securities and Exchange Commission and the Federal Deposit Insurance Corporation - had a significant, indirect effect on the nation's farmers ... This was before the FDIC was enacted. In his early career, FDR had worked for a Wall Street law firm