SEC
Featured Content
- SEC Reporting Considerations for Business Acquisitions
- SEC Reporting Considerations for Equity Method Investees
- SEC Reporting Considerations for Guarantees and Collateralizations
- Non-GAAP Financial Measures
- Initial Public Offerings
- Carve-Out Transactions
- SEC Comment Letter Considerations, Including Industry Insights
- Financial Reporting Manual
- SEC Rules & Regulations
Overview of the SEC
The SEC was formed by the Securities Exchange Act of 1934. The 1934 Act, along
with the Securities Act of 1933, was designed to
restore investor confidence after the Great
Depression. The primary goals of the SEC are to
(1) protect investors, (2) maintain fair and
orderly markets, and (3) ensure capital formation
in the markets. The SEC is an independent,
nonpartisan, regulatory agency that has five
commissioners, one of whom serves as the chairman.
No more than three commissioners are from the same
political party. The SEC has five divisions,
including the Division, and various offices, such
as the Commission's OCA and the Office of General
Counsel.