SEC – Security & Exchange Commission – USA

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Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “SEC – Security & Exchange Commission – USA”
The Securities Exchange Act of 1934 governs the way in which the nation’s securities markets and its brokers and dealers operate. When the stock market crashed in October 1929, so did public confidence in the U.S. markets. Congress held hearings to identify the problems and search for solutions. Based on its findings, Congress – in the peak year of the Depression – passed the Securities Act of 1933. The following year, it passed the Securities Exchange Act of 1934, which created the SEC.
The SEC has four major divisions.
1. The Division of Corporation Finance ensures corporate disclosure of important information to the investing public.
2. The Division of Trading and Markets ensures fairness, order and efficiency in market activities.
3. The Division of Investment Management helps protect investors and encourages capital formation through oversight and regulation of the investment management industry.
4. The Division of Enforcement investigates securities law violations and initiates civil and criminal actions.

The SEC is composed of five commissioners appointed by the U.S. President and approved by the Senate. The statutes administered by the SEC are designed to promote full public disclosure and to protect the investing public against fraudulent and manipulative practices in the securities markets. Generally, most issues of securities offered in interstate commerce, through the mail or on the internet must be registered with the SEC.

By Barry Norman, Investors Trading Academy – ITA

Comments

ill-gotten gains Anti says:

To SEC's attention:It is only in the USA, people can become rich no matter what kind of ill-gotten gains they may dream and they can walk away without being punished!

Sinorama S1 registration is declared effective on January 9, 2017. Despide Sinorama Corporation's Registration Statement, quote "We issued all of the issued securities described above (5,900,000 common shares) in private placement transactions completed prior to the filing of this registration statement.", the fact is ever since September 20, 2016, the Corporation actually started issuing its shares publicly through WeChat which is mostly used by Chinese people, for a price 1000 times higher ($1.00) than the share price stipulated in the Corporation's Charter and the share exchange agreement($0.001). As of December 16, 2016, the Corporation gained 3.7 million dollars. It is only in the USA, people can become rich no matter what kind of ill-gotten gains they may dream without being punished. -justiceQC/律政混混, IForYou, Tumblr blogger (English/Chinese), A voice for little people, ordinary people and minority people in Quebec, Canada!

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