Skip to main content
Like
Create new Glog
previous
next
Email share
11 views | 0 likes | 0 reposts
PURPOSE: The main reason for the creation of the S.E.C. was to regulate the stock market and prevent corporate abuses relating to the offering and sale of securities and corporate reporting. This helps America because it makes buying stocks fair so sellers don't make prices too high or try to cheat buyers.
Securities and Exchage Commision
STATUS: The S.E.C. was formed on June 6, 1934. They are a Federal Government of the United States. As of 2007 the SEC has 3,798 members working for the United States.
INFO: The SEC was given the power to license and regulate stock exchanges, the companies whose securities traded on them, and the brokers and dealers who conducted the trading. The most recent Act the S.E.C. made is the Credit Rating Agency Reform Act of 2006.
For more info on the Credit Rating Agency Reform Act CLICK HERE!
1934
PROS: The S.E.C. can regulate stock market by making sure there are no loopholes favoring either the stock buyer or seller. This ensures fair trade. CONS: The S.E.C. can regulate what stocks and how much you can sell them for so you can't rip off a buyer.
AFFECT: The S.E.C helps keep America out of depressions by regulating the stock market and anybody who is on it. They make sure another Great Depression does not happen.
EFFECTIVENESS: The S.E.C. is still around. They are always regulating to make sure nothing goes wrong. They still make acts fixing anything that may or have gone wrong. The S.E.C. is always trying to better itself by applying new Acts. The S.E.C. helps stop faults in the stock market. It fixes the problem and starts a new Act to make sure it doesn't happen again.
Chairman Mary Schapiro
One of my very first actions as Chairman was to end the two-year "penalty pilot" program.
Although I believe expanding our workforce is a critically important step, I believe the agency must work smarter as well.
