What is SEC?

Answer:
SEC, or the United States Securities and Exchange Commission,

is a part of the United States Government that is in charge of the United States financial system.

The SEC's duty is to regulate securities and enforce securities laws. The agency is independent, quasi-judicial, and non-partisan. Their main purpose was to regulate the stock market and prevent corporations from abusing the trades of securities and corporate reporting.

The Securities Exchange Act of 1934 regulates secondary trading between entities which are often unregulated to the original issuers.

The SEC requires all public companies submit annual and quarterly financial reports as this helps investors know where to put their money.


	more Q&A sessions like this
	What are SEC filings? What is the SEC or Securities and Exchange Commission? What is an Annual Report? What does Going Public mean? How do you Dissolve a Massachusetts Corporation? How do you incorporate in Massachusetts? How do you incorporate in Rhode Island? How do you incorporate in Vermont? What is Accounting? What is an LLC? What is a Franchise? What is the FASB or Financial Accounting Standards Board? What is a No-Action Letter? What is a Margarita? What Does a Bricklayer Do? What should I Consider in Choosing an Auto Insurance Agent? Do I need an Attorney to Adopt a Child? What is Insider Trading? What is a Public Offering?