Was the Securities Exchange Act a compromise?

Could you elaborate on whether the Securities Exchange Act was truly a compromise, considering the various interests and viewpoints that had to be taken into account during its formulation? Was there a balance struck between protecting investors and allowing for the efficient functioning of the securities market? Were there any concessions made by any particular stakeholders that shaped the final outcome of the Act? Additionally, how do experts and historians view the Act's legacy in terms of its ability to strike a compromise between different interests and goals?