17339639
Description
Mind Map by Kris Heller, updated more than 1 year ago
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Created by Kris Heller
about 5 years ago
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Regulatory Entities, Agencies and
Market Participants
- SEC: Securities
and Exchange
Commission
- Created in 1934
- 1934 Securities Exchange Act
"People Act"
- Created SEC to establish fair & orderly market
- Gave authority to SRO's to enforce standards and
requirements related to security trading &
brokerage business
- Created SEC to establish fair & orderly market
- 1934 Securities Exchange Act
"People Act"
- Governs indiv & firms doing
business in Financial Services
- Regulates exchanges and
broker/dealers
- Oversees Capital Markets
- Regulates exchanges and
broker/dealers
- Responsibilities
- Interpret & enforce Fed
Securities Laws
- Issue new rules &
amend existing ones
- Oversee inspection of :
- Firms
- Brokers
- Investment advisors
- Auditing Fields
- Firms
- Coordinate US Securities
regulation with:
- Feds
- States
- Foreign Authorities
- Feds
- Interpret & enforce Fed
Securities Laws
- Violations result in:
- revokation of registration
- Referred to Judicial System
- revokation of registration
- 5 Board
Members
- Known as Commission
- Appointed by President with
Senate approval
- Have 5 year Terms
- Staggered so 1 ends every year
- Staggered so 1 ends every year
- only 3 can belong to
same political party
- Known as Commission
- Mission
- Protect Investors
- Maintain fair, orderly
& efficient markets
- Facilitate Capital
- Protect Investors
- Created in 1934
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