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US SEC This category includes articles the discuss the policies and actions of the United States Securities and Exchange Commission.
The U.S. Securities and Exchange Commission (commonly known as the SEC) is an independent agency of the United States government which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation’s stock and options exchanges, and other electronic securities markets. The SEC was created by section 4 of the Securities Exchange Act of 1934 (now codified as 15 U.S.C. § 78d and commonly referred to as the 1934 Act). In addition to the 1934 Act that created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002 and other statutes. [Wikipedia]
Financial market regulators
By John Schroy, on March 4th, 2006 | 
One of the most entrenched principles of securities market supervision is ‘non-merit regulation’ — a guiding light of the Securities and Exchange Commission since its founding in 1934. The flaw in ‘non-merit regulation’ is that it assumes that investors will have the time, inclination, and intellectual capacity to study and evaluate the huge volume of ‘material facts’ now available under the securities laws of 1933 and 1934. Most US investors must rely upon third parties — fund managers or investment advisers — to study and evaluate information for them.
But how much smarter are these ‘advisers’ than the people they advise?
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