The US Securities and Exchange Commission (SEC) is a federal agency that regulates the securities industry, including the stock market. The SEC was created in 1934 by President Franklin D. Roosevelt to investigate and prosecute violations of the nation’s securities laws.
The SEC has three main divisions:
- Enforcement Division,
- Corporate Finance Division, and
- Investment Management Division.
The Enforcement Division is responsible for investigating and prosecuting violations of the securities laws while the Corporate Finance Division reviews filings submitted by public companies to make sure they are in compliance with SEC regulations.
The Investment Management Division oversees various investment funds such as mutual funds, hedge funds, and money market funds to make sure they are complying with federal regulations.
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