U.S. SECURITIES AND EXCHANGE COMMISSION

The United States Securities and Exchange Commission (SEC) is a federal agency responsible for regulating and overseeing the securities industry, ensuring fair and transparent financial markets, and protecting investors. Established in 1934 by the Securities Exchange Act, the SEC enforces securities laws, supervises securities exchanges, and facilitates the disclosure of essential financial information by public companies. Its primary objectives include preventing fraud and misconduct in the financial markets, maintaining fair and efficient capital markets, and fostering capital formation. The SEC administers various laws, including the Securities Act of 1933 and the Investment Advisers Act of 1940, and it has the authority to bring enforcement actions against individuals and entities violating securities laws. The SEC plays a crucial role in safeguarding the integrity and stability of the U.S. financial system.