While there is no required securities broker code of conduct, there are a number of rules, regulations, and laws that govern the actions of securities brokers, particularly with respect to potentially fraudulent behavior. There is a large body of federal law dedicated to the regulation of the securities industry, including the Securities Exchange Act of 1934, and more recent laws such as the Sarbanes-Oxley Act of 2002. The Securities Exchange Act also authorized the creation of the Securities and Exchange Commission, which is the federal governmental body that regulates the securities industry. Likewise, most states have significant "blue-sky" laws, which may place further constraints on the behavior of brokers in the securities industry. In some states, there are special agencies devoted to the regulation of securities, as well. Finally, national associations such as the Financial Industry Regulatory Authority establish certain rules and regulations for its members, which hold them to particular standards of conduct, as well.