Securities and Exchange Commission (SEC)

An independent federal government regulatory authority, the U.S. Securities and Exchange Commission (SEC), is in charge of safeguarding investors, ensuring the fair and orderly operation of the securities markets, and promoting capital formation. It served as the nation’s first federal securities market regulator after being established by Congress in 1934.

The SEC encourages complete public disclosure, defends investors from dishonest and market-manipulating techniques, and keeps an eye on corporate takeover activities in the country. Additionally, it permits bookrunner registration declarations among underwriting companies.