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The Securities and Exchange Commission was created by the Securities Exchange Act of 1934 in the aftermath of the Great Depression that began in 1929. SEC is the federal agency regulating securities sales, purchases and the offer of notes, most stocks and bonds, evidence of indebtedness and certificates of need. The SEC is the watchdog for the investment industry, being the federal regulator of stock brokerage firms and other investment companies. The Securities and Exchange Commission is the federal regulatory authority that oversees every aspect of raising capital from investors both public and private and regulates public traded companies. SEC contains several divisions known as the Office of  General Counsel, Office of Chief Accountant, Office of Compliance, Inspections and Examinations, Office of International Affairs, Office of Investor Education and the Office of Advocacy and Economic Analysis.



SEC Charges Former CEO of Kellogg, Brown and Root, Inc. with Foreign Bribery ..Additional information on this subject.
The Securities and Exchange Commission today charged former Kellogg, Brown & Root, Inc. (KBR) executive Albert Jackson Stanley with violating the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA) and related provisions of the federal securities laws. The Commission alleges that over a 10-year period, Stanley and others participated in a scheme to bribe Nigerian government officials in order to obtain construction contracts worth more than $6 billion. The contracts were awarded to a four-company joint venture of which The M.W. Kellogg Company, and later KBR, was a member. Use the link in the article title to view the entire news article.
Paul Beswick Named Deputy Chief Accountant for Professional Practice in SEC Office of the Chief Accountant ..Discover more information on this subject.
The Securities and Exchange Commission today announced the appointment of Paul A. Beswick as Deputy Chief Accountant for Professional Practice in the agency's Office of the Chief Accountant. Previously, Mr. Beswick served as a senior advisor to the SEC's Chief Accountant. If you find this of interest, please read the full feature.
SEC Charges Two Wall Street Brokers in $1 Billion Subprime-Related Auction Rate Securities Fraud ..Find out more on this topic. Click here.
The Securities and Exchange Commission today charged two Wall Street brokers with defrauding their customers when making more than $1 billion in unauthorized purchases of subprime-related auction rate securities. To learn more, use the link.
SEC Announces Summit to Help Senior Investors Protect Assets ..Discover more information on this subject.
Securities and Exchange Commission Chairman Christopher Cox today announced that helping older investors make difficult decisions about their finances and learn new ways to protect their assets as they age will be the primary focus of the SEC's third annual Seniors Summit to be held at the agency's Washington, D.C., headquarters on September 22. Read more about this news.
SEC Charges Oil and Gas Well Operators for Defrauding Investors ..Find out more on this topic. Click here.
The Securities and Exchange Commission today charged a Colorado Springs resident with fraud for touting potentially astronomical returns to investors in his oil and gas companies while spending $2.3 million of investor funds to pay for a lavish lifestyle, including the purchase of a custom speedboat, ski vacations, fitness equipment, and jewelry. Get more information on this topic by clicking on the link.
SEC Proposes Roadmap Toward Global Accounting Standards to Help Investors Compare Financial Information More Easily ..Read full article by clicking here.
The Securities and Exchange Commission today voted to publish for public comment a proposed Roadmap that could lead to the use of International Financial Reporting Standards (IFRS) by U.S. issuers beginning in 2014. Currently, U.S. issuers use U.S. Generally Accepted Accounting Principles (U.S. GAAP). The Commission would make a decision in 2011 on whether adoption of IFRS is in the public interest and would benefit investors. The proposed multi-year plan sets out several milestones that must be achieved before IFRS would be adopted in the United States. Find out more about this topic. Go to the link.
SEC Votes to Modernize Disclosure Requirements to Help U.S. Investors in Foreign Companies ..Click here to read more of this article.
The Securities and Exchange Commission today voted unanimously to update and modernize the disclosure requirements for foreign companies offering securities in U.S. markets, making it easier for U.S. investors to gain access to timely financial information that can help them make better informed investment decisions. For additional details, please follow the link contained in the title.
SEC, Australian Authorities Sign Mutual Recognition Agreement ..Learn more about this news item.
Securities and Exchange Commission Chairman Christopher Cox, the Australian Minister for Superannuation and Corporate Law — Senator Nick Sherry, and Australian Securities and Investments Commission (ASIC) Chairman Tony D'Aloisio today entered into a mutual recognition arrangement between the SEC, the Australian government, and ASIC. The mutual recognition arrangement provides a framework for the SEC, the Australian government, and ASIC to consider regulatory exemptions that would permit U.S. and eligible Australian stock exchanges and broker-dealers to operate in both jurisdictions, without the need for these entities (in certain aspects) to be separately regulated in both countries. Use the link in the article title to view the entire news article.
SEC Enforcement Division Announces Preliminary Settlement With Merrill Lynch to Help Auction Rate Securities Investors ..Read full article by clicking here.
The Securities and Exchange Commission's Division of Enforcement today announced that a preliminary settlement in principle has been reached with Merrill Lynch, Pierce, Fenner & Smith, Inc. (Merrill Lynch) that would enable investors who purchased auction rate securities from the firm to receive a total of up to $7 billion to restore their losses and liquidity. Jump to this feature by clicking the title.
Statement of SEC Chairman Christopher Cox Regarding Today’s Circuit Court Decision ..Read full article by clicking here.
SEC Chairman Christopher Cox today issued the following statement regarding a decision in Free Enterprise Fund v. Public Company Accounting Oversight Board Read more on this by following the linked text in the title above.