Securities And Exchange Commission Definition

A US government agency that supervises the exchange of securities so as to protect investors against malpractice.
American Heritage
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

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