Securities & Exchange Commission

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Securities & Exchange Commission (SEC)

A federal agency that regulates the US financial markets. The SEC also oversees the securities industry and promotes full disclosure in order to protect the investing public against malpractice in the securities markets.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Summary: The US Securities and Exchange Commission (SEC) has rejected applications for nine bitcoin-based exchange-traded funds (ETF) from three separate companies, …
M2 EQUITYBITES-November 16, 2017-Obsidian Energy to pay USD8.5m in penalty to the US Securities and Exchange Commission
OCC, the world's largest equity derivatives clearing organization, has congratulated Jay Clayton upon his confirmation by the US Senate as Chairman of the US Securities and Exchange Commission (SEC), the company said.
The US Securities and Exchange commission has charged Chinese affiliates of five accounting firms for refusing to hand over information on Chinese companies, reports Patrick Chovanec for Foreign Policy, who points out that foreign companies "submit themselves to SEC regulation in order to tap U.S.
It employs 120,000, the company said.Country: USA, Sector: Water TransportTarget: Northrop Grumman's shipbuilding businessVendor: Northrop Grumman CorporationType: Divestment, RestructuringStatus: AuctionComment: Files registration with US Securities and Exchange Commission
The long-standing problem for European companies in deregistering from US capital markets is "largely resolved": this is the European Commission's view on new proposals announced on 14 February by the US Securities and Exchange Commission (SEC).
A registration statement relating to these securities has been filed with the US Securities and Exchange Commission but has not yet become effective.

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