| Securities
& Exchange Commission (SEC) |
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A
Government Commission created by Congress to regulate the securities
markets and protect investors. It also monitors the corporate takeovers
in the United States. It is composed of five commissioners appointed
by the president of the United States and approved by the Senate.
The statutes administered by the SEC are designed to promote full
public disclosure and protect the investing public against fraudulent
and manipulative practices in the securities markets. Generally, most
issues of securities offered in interstate commerce, through the mail
or Internet must be registered with the SEC.
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One
example of SEC domain is if someone purchases more than 5% of a company's
equity they must report to the SEC within 10 days of the purchase.
This is because of the takeover threats it may cause. |
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