Below are 3 important pieces of information about the U.S. Securities and Exchange Commission (SEC):
Main function:
The SEC is responsible for protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation for the economy. The SEC oversees publicly traded companies, investment funds, exchanges, and other financial intermediaries.
Financial transparency requirements:
The SEC requires public companies to periodically disclose financial statements and business operations, helping investors have the necessary information to make informed investment decisions.
Authority to investigate and sanction:
The SEC has the authority to investigate fraudulent activities, market manipulation, insider trading, and violations of securities laws. This agency can impose civil penalties or refer cases to the Department of Justice for criminal prosecution.
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