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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 ?
El Paso III was completing the second half of a big-race double for Secly, who had earlier saddled Kotkita to an easy three-length success in France's championship three-year-old hurdle, the Prix Cambaceres.
After working at several stables before his military service, Secly eventually leased two horses in 1959, which he trained to win several races.
Although Secly has never had a runner over jumps in Britain, he has had four on the Flat.
Secly adds: "Al Capone is on course to reappear in the Prix d'Angers over hurdles on September 26, and then it's on to the Prix Heros XII over fences at Auteuil in October.
Of the future, beyond the record attempt in the Jousselin, Secly adds: "Only when Al Capone shows the first signs of tiredness will we stop with him.