What does the SEC

Securities and Exchange Commission (SEC)

The US Securities and Exchange Commission was established in 1934 as an independent and autonomous federal agency to monitor compliance with the Securities Act 1933 and the Securities Exchange Act 1934. Today, the main task of the SEC is to monitor compliance with securities acts at the federal level to protect investors. It is also currently the largest and most important member of the IOSCO (International Organization of Security Commissions), which in turn is a (non-voting) member of the IFRIC.

(SEC) Established in 1934, the independent federal investor protection agency in the United States with extensive powers deriving primarily from the Securities Act of 1933, the Securities Exchange Act of 1934 and the investment company and investment adviser laws dating from 1940 . As a result of these laws, the SEC has issued a wealth of detailed regulations, which it monitors compliance with with around 2,000 employees. Her main areas of activity are: monitoring of on-exchange and over-the-counter securities trading, corporate disclosure (especially when issuing) and exercising shareholders 'voting rights, as well as representing shareholders' interests in restructuring proceedings. Intensive supervision is subsidiary in many areas as the primary responsibility lies with so-called self-regulatory organizations, the twelve stock exchanges registered with the SEC, the National Association of Securities Dealers, the clearing agencies and the Municipal Securities Rule-Making Board. A particularly notable SEC initiative ended the New York Stock Exchange's commission cartel, which had existed since 1792, in 1977.

The Securities and Exchange Commission (SEC) was established in 1934 as the federal regulator of securities trading within the United States under federal law, the Securities Exchange Act of 1933. The SEC has legislative, judicial and executive powers and thus represents a strong concentration of power.

Literature: Merkt, H., Securities and Exchange Commission (SEC), in: Manual dictionary of accounting and auditing, Stuttgart 2002, Sp. 2181-2187. Internet: http://www.sec.gov.



See: SEC

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