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Securities and Exchange Commission
The SEC was established to provide control over the capital markets and restore investor confidence after the Great Crash of 1929. The SEC is mandated by the Securities Act of 1933 and the Securities Exchange Act of 1934. Today the mission of the SEC is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. The SEC consists of five presidentially-appointed Commissioners (who serve staggered five-year terms), four divisions and 18 offices. The federal agency employs 3,100 staff members. The SEC is headquartered in Washington, D.C., and has 11 regional and district offices throughout the country. Current SEC Chairman Christopher Cox, appointed in 2005, has so far used his term to address issues such as the Sarbanes-Oxley Act and XBRL integration.
SEC in the News:
SEC Proposing New Rules for Credit Raters (06/11/08)
SEC Names 2 Enforcement Deputies (06/04/08)
Deloitte Puts IFRS in College Classrooms (05/19/08)
Atkins Leaving SEC After Term End (05/06/08)
SEC Deputy Chief of Staff to Leave (04/22/08)
SEC Content Released Onto FASB Codification (04/04/08)
Cox Calls Bear Stearns Unchartered Event (04/04/08)
Bush Seeks Financial Regulation Overhaul (03/31/08)
Paulson Says New Financial Rules Needed (03/27/08)
SEC Suspends Trading in 3 Small Stocks (03/21/08)
SEC Settles With Former Broadcom Exec (03/05/08)
Court Refuses to Hear Enron Case (01/23/08)
SEC Nazareth Plans to Move On (01/22/08)
FASB Launches GAAP Codification System (01/16/08)
Securities Fraud Suits Spike (01/08/08)
SEC Eases Rules for Non-U.S. Corporations (11/19/07)
Democrats Nominate 2 for SEC Vacancies (11/15/07)
Nortel to Settle With SEC for $35M (10/15/07)
SEC Creates Interactive Data Unit (10/15/07)
KPMG Trial Nears After Stormy Prologue (10/15/07) SEC's Last Democrat to Leave (10/04/07)
SEC Votes for Bank Broker Provisions (09/24/07)
Report: Changes Needed at SEC (09/18/07)
SEC Charges 69 Auditing Firms, Partners (09/14/07)
SEC Charges 4 More Former Nortel Execs (09/14/07)
SEC Case Against Former Amex CEO Nixed (08/21/07)
SEC Files Against Former Brocade Exec (08/20/07)
Commissioner Campos to Leave SEC (08/10/07)
SEC Adds Two Units for Investor Assistance (08/01/07)
SEC Approves New Auditing Standard (07/26/07)
Nasdaq Suggests AS5 Changes (07/25/07)
Chief Economist Chester Spatt to Leave SEC (07/23/07)
SEC Seeks Stronger GASB (07/19/07)
Fraud Cases Nab Scads of Corporate Heads (07/18/07)
Judge Drops Charges Vs. 13 in KPMG Case (07/17/07)
SEC Chairman Defends Agency's Record (06/27/07)
SEC Requires Web Proxy Statements (06/22/07)
SEC Seeks Easier Foreign Accounting Rules (06/21/07)
SEC Raises Questions on New Audit Standard (06/20/07) SEC Approves Changes to Short-Selling Rules (06/14/07)
SEC: Executive Pay Disclosures Work OK (06/12/07)
Gap Seen in Companies Reporting Options (06/06/07)
IBM Settles SEC Probe of Options Report (06/06/07)
SEC Supporting Enron Investors (06/04/07)
FASB: SEC to Get More Input on Appointments (03/29/07)
SEC Chairman: XBRL Won't Require Audit (03/21/07)
Bank of America Unit Fined $26M by SEC (03/15/07)
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