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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 ?
2003-56, (28) the IRS ruled on the tax consequences of partnership liabilities in a deferred Sec.
Under the final regulations, in addition to all other grantor trusts, the trustee of an electing trust or a QRT for which a Sec.
The Service issued final regulations (11) under Sec.
If stock in any corporation is acquired solely through the conversion of stock which qualifies under Sec.
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According to the proposed rule, the receipt of a partnership interest by a partner in exchange for services is governed by Sec.
It asserted that the IRS's failure to issue an FPAA within the three-year period under 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.
Developing the facts and analysis further (and incorporating US2's interest deductions) would illustrate more clearly how Sec.
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.