Dictionary Home » Webster's New World Law Dictionary » Securities and Exchange Commission

Securities and Exchange Commission

Securities and Exchange Commission definition - legal

n

The federal administrative agency established by the Securities Exchange Act of 1934, in order to supervise and regulate the issuing and trading of securities and to eliminate fraudulent or unfair practices. It is a regulating agency and is not judicial in nature, although it may pursue judicial remedies in federal court. Abbreviated SEC.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.