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Securities and Exchange Commission
(SEC)
Facts for kids
The following fact
sheet contains interesting facts and information on Securities and Exchange Commission
Facts
about the Securities and Exchange Commission (SEC) for
kids
Securities and Exchange Commission Fact
1: The SEC was conceived after the
Senate Committee on Banking and Currency investigated
the New York Stock Exchange’s operations following the
1929 Wall Street Crash
Securities and Exchange Commission Fact
2: The reform of securities trading,
which was largely an unregulated industry, began with
the Securities Act of 1933 and followed by the
Securities Exchange Act of 1934 that created the SEC and
the 1935 Public Utility Holding Company Act
Securities and Exchange Commission Fact
3: The Securities Act of 1933 required
Corporations selling bonds and stocks to register their
sales and provide financial information about their
company.
Securities and Exchange Commission Fact
4: The Securities Exchange Act of 1934 regulated
stock exchanges and brokers. It also provided for the monitoring of
the required financial disclosures.
Securities and Exchange Commission Fact
5: The 1934 law created the independent government
agency called the Securities and Exchange Commission (SEC) to
enforce federal laws to regulate the Stock Market and to prevent
fraud.
Securities and Exchange Commission Fact
6: The 1935 Public Utility Holding Company Act ended
the practice of using holding companies to obscure the entwined
ownership of public utility companies.
Facts
about the Securities and Exchange Commission (SEC) for
kids
Facts
about the Securities and Exchange Commission (SEC) for
kids
The following fact
sheet continues with facts about Securities and Exchange Commission
for kids.
Facts
about the Securities and Exchange Commission (SEC) for
kids
Securities and Exchange Commission Fact
7: A highly coordinated effort was
required to monitor the industry so Congress created the
SEC. The role of the SEC was to enforce the new laws,
promote stability in the markets and protect investors.
Securities and Exchange Commission Fact
8: President Franklin D. Roosevelt
appointed Joseph P. Kennedy, to serve as the first
Chairman of the SEC.
Securities and Exchange Commission Fact
9: The SEC is composed of five
commissioners appointed by the U.S. President and
approved by the Senate. The Commissioners each serve
five-year staggered terms
Securities and Exchange Commission Fact
10: The establishment of the SEC played
an important part in to restoring investor confidence
after the 1929 Wall Street Crash by:
● Ensuring the end of stock
manipulations and misleading sales practices by
unscrupulous traders
● Supervising the registration
requirements of corporations and stockbrokers
● Ensuring the full public
disclosure of all relevant information regarding
security transactions and preventing the unfair use
of non-public information in stock trading
● Prohibiting the buying of
stocks and shares without adequate funds to pay for
them
Securities and Exchange Commission Fact 11:
The SEC therefore plays a major role in
preventing accounting fraud, insider trading and monitors
information on investments to ensure it is not false or misleading
Securities and Exchange Commission Fact 12:
Needless to say the regulatory measures were
greeted with bitter opposition by the financial community who
believed that they would hinder the financing of industry.
Facts
about the Securities and Exchange Commission (SEC) for
kids
Securities and Exchange Commission for kids - President Franklin Roosevelt Video
The article on the
SEC provides detailed facts and a summary of one of the important events during his presidential term in office. The following
Franklin Roosevelt video will
give you additional important facts and dates about the political events experienced by the 32nd American President whose presidency spanned from March 4, 1933 to April 12, 1945.
Securities and Exchange Commission
(SEC)
●
Interesting Facts about the SEC for kids and schools
●
Summary of the Securities and Exchange Commission in US history
● important, key
events during the Great Depression
●
Franklin Roosevelt
Presidency from March 4, 1933 to April 12, 1945
●
Fast, fun facts about the Exchange Commission
●
Foreign & Domestic
policies of President Franklin Roosevelt
●
Franklin Roosevelt Presidency and
SEC for schools,
homework, kids and children |
