SEC brokers, what is it? What functions does the SEC perform?

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United States securities and exchange Commission The United States Securities and Exchange Commission (SEC), an Agency of the U.S. government, is the main body responsible for overseeing and regulating the U.S. securities market. The Commission was established in 1934 under President Roosevelt. The purpose of the Commission was to restore investor confidence in the stock market during the great depression. The first Chairman of the SEC was Joseph Kennedy, the father of future President John F. Kennedy.

The Commission was established under the Securities Exchange Act of 1934. In addition to this law, the Commission's activities are regulated by the following significant laws:

  • The securities act (Securities Act of 1933)
  • The trust Indenture Act of 1939)
  • The investment company Act of 1940)
  • The investment advisors Act of 1940)
  • The Sarbanes - Oxley act of 2002)

Currently, the Chairman of the Commission is Jay Clayton, appointed by US President Donald trump and approved by the us Senate.