The SEC is a regulatory agency in the U.S. tasked with protecting investors, maintaining fair and efficient markets and facilitating capital formation.
The Securities and Exchange Commission is a regulatory agency in the U.S. tasked with protecting investors, maintaining fair and efficient markets and facilitating capital formation.
The agency's jurisdiction was further expanded in 2010 following the passage of the Dodd-Frank Act to include municipal advisors among others. The agency's leadership is made up of up to five commissioners appointed by the President based on advice and consent from the Senate. There can not be more than three commissioners in the same political party.
The SEC also works to maintain fair, orderly, and efficient markets by regulating exchanges, securities brokers, dealers, and other market participants. Nonfungible tokens, or NFTs, have also come under the SEC's scrutiny recently. The agency brought charges against a Los Angeles-based podcasting studio Impact Theory for allegedly conducting an unregistered offering of NFTs. A month later the agency charged NFT project Stoner Cats 2 LLC with allegedly conducting an unregistered offering of NFTs.
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