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Securities & Exchange Commission

An agency of the U.S. Government that serves at the primary regulator of the securities trade. It attempts to ensure that all trades are fair, and that no price manipulation or insider trading occurs. Additionally, the SEC promotes full disclosure and monitors mergers and acquisitions to ensure continued competitiveness. It works with several self-regulatory organizations, notably FINRA, to enforce its regulations. Most securities offered through interstate commerce must be registered with the SEC.

The SEC was created in 1934 as part of the New Deal to prevent excessive speculation. It is overseen by five commissioners, who are appointed by the President of the United States upon confirmation by the Senate. No more than three commissioners may belong to the same political party.


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.


See Securities and Exchange Commission.

References in periodicals archive ?
If there is no executor, the trustee of the electing trust or QRT for which a Sec.
The final regulations provide that, for an exchange subject to Sec.
Any gain on such stock may be deferred by acquiring new Sec.
To prevent taxpayers from avoiding current taxation with the use of a taxable trust, Congress provided in Sec.
2003-32 (9) allowed certain regulated investment companies (RICs) to treat interest income as exempt from tax under Sec.
The TEFRA provisions were enacted to allow all issues on the tax treatment of partnership items to be resolved in a single administrative or judicial proceeding at the partnership level, eliminating multiple proceedings at the partner level; see Sec.
For 2005, S reports $11,000 of the $24,000 gain as ordinary income, as $11,000 of the 2002 net $16,000 Sec.
2002-22 was issued in response to the real estate syndication industry that has sprung up in the past several years to market tenancy-in-common interests to persons needing replacement property to complete a Sec.
Passive income generally includes interest, dividends, royalties, rents, annuities and gain from the disposition of assets that generate passive income and from the sale of assets that do not currently produce income, under Secs.
The undisputed facts demonstrate that TLC, as taxpayer, paid per-diem expenses to the truck drivers and provided its trucking company clients with the expense substantiation information required by Sec.