Securities and Exchange Commission

Securities and Exchange Commission (SEC)

The U.S. government agency, established in 1934, charged with protecting investors and maintaining the integrity of the securities markets. The SEC requires public companies to disclose meaningful financial information to the public, and it oversees participants in the securities business including stock exchanges, broker-dealers, investment advisors, mutual funds, and public utility holding companies. The commission is composed of 5 presidentially appointed commissioners, 4 divisions, and 18 offices.

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Securities and Exchange Commission (SEC). The Securities and Exchange Commission (SEC) is an independent federal agency that oversees and regulates the securities industry in the United States and enforces securities laws.

The SEC requires registration of all securities that meet the criteria it sets, and of all individuals and firms who sell those securities. It's also a rule making body, with a mandate to turn the law into rules that the investment industry can follow.

Established by Congress in 1934, the SEC sets standards for disclosure by publicly traded corporations, and works to protect investors from misleading or fraudulent practices, including insider trading.

It has four divisions: Corporate Finance, Market Regulation, Investment Management, and Enforcement.