U.S. Securities and Exchange Commission: Difference between revisions
Content deleted Content added
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
The Securities and Exchange Commission, commonly referred to as the SEC, is the [[United States]] governing body which has primary responsibility for overseeing the regulation of the securities industry. It was formed 1934 to enforce the Securities Act of 1933 and the Securities Exchange Act of 1934. |
The Securities and Exchange Commission, commonly referred to as the SEC, is the [[United States]] governing body which has primary responsibility for overseeing the regulation of the securities industry. It was formed 1934 to enforce the Securities Act of 1933 and the Securities Exchange Act of 1934. |
||
President [[Franklin Delano]] |
President [[Franklin Delano Roosevelt]] appointed [[Joseph P. Kennedy Sr.]], President [[John F. Kennedy]]'s father, to serve as the first Chairman of the SEC. |
||
Currently, the SEC is organized as having five commissioners who are appointed by the President. The president appoints one of the commissioners as Chairman, and no more than three commissioners can belong to the same party. |
Currently, the SEC is organized as having five commissioners who are appointed by the President. The president appoints one of the commissioners as Chairman, and no more than three commissioners can belong to the same party. |
||
Revision as of 02:39, 6 June 2002
The Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. It was formed 1934 to enforce the Securities Act of 1933 and the Securities Exchange Act of 1934.
President Franklin Delano Roosevelt appointed Joseph P. Kennedy Sr., President John F. Kennedy's father, to serve as the first Chairman of the SEC.
Currently, the SEC is organized as having five commissioners who are appointed by the President. The president appoints one of the commissioners as Chairman, and no more than three commissioners can belong to the same party.