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SEC

SEC. US Securities and Exchange Commission Securities Exchange Act of 1934 (1934 Act). Background Info. Security = stock/bond Created by Securities Exchange Act of 1934 Foundation of financial market regulation Section 4 - SEC. SEC. Regulates US stock exchanges Enforces security laws

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SEC

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  1. SEC US Securities and Exchange Commission Securities Exchange Act of 1934 (1934 Act)

  2. Background Info • Security = stock/bond • Created by Securities Exchange Act of 1934 • Foundation of financial market regulation • Section 4 - SEC

  3. SEC • Regulates US stock exchanges • Enforces security laws • Fights against fraud • Protects innocent people and companies involved

  4. Protects Other Acts • Securities Act of 1933 • Securities Exchange Act of 1934 • Trust Indenture Act of 1939 • Investment Company Act of 1940 • Investment Advisers Act of 1940 • Sarbanes-Oxley Act of 2002 • Credit Rating Agency Reform Act of 2006

  5. What has it done? • Found fraud in Watergate Scandal • Trying to stop “short selling” in the market • Tried to stop Apple backdating fraud

  6. Was it successful? • Under criticism • Bernard Madoff fraud • Still around today

  7. Sources • http://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission • http://upload.wikimedia.org/wikipedia/commons/thumb/5/54/United_States_Securities_and_Exchange_Commission.svg/600px-United_States_Securities_and_Exchange_Commission.svg.png • http://www.cartoonstock.com/lowres/vsh0460l.jpg • http://www.cartoonstock.com/lowres/dcr0399l.jpg

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