What is the SEC or Securities and Exchange Commission?

Answer:
The SEC, or Securities and Exchange Commission

is a United States Government agency engaged in enforcement of federal laws governing the securities industry and stock market.

The SEC was formed in 1934 by Congress, to be an unbiased (non-partisan, independent) entity. The SEC's initial primary responsibility was to regulate the stock market, and to curb corporate abuse with regard to some corporate securities offerings and financial reporting methods.

The SEC is responsible today for enforcement of the following six federal securities laws:

o Securities Act of 1933
o Securities Exchange Act of 1934
o Trust Indenture Act of 1939
o Investment Company Act of 1940
o Investment Advisers Act of 1940
o Sarbanes-Oxley Act of 2002


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