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The US stock markets · lesson 3 of 20
Who supervises: SEC and FINRA
The US stock market is supervised by the Securities and Exchange Commission, or SEC, the federal authority set up in 1934 after the crash of 1929. Its task is to protect investors and keep markets orderly and transparent.
The SEC requires listed companies to publish complete and periodic information and pursues fraud, such as using confidential information to profit on the market, known as insider trading.
Alongside the SEC operates FINRA, a self-regulatory organisation that oversees brokers and dealers. With the free BrokerCheck service anyone can check whether a broker is registered and has a disciplinary record.
Questions
1. When was the SEC set up?
In 1934
The SEC was created in 1934, after the crash of 1929.
2. What is insider trading?
Using confidential information to profit on the market
It is the unlawful use of non-public information to trade securities.
3. What is BrokerCheck for?
Checking a broker's registration and record
It is FINRA's free service for checking brokers and firms.
Continue from lesson 4
The US stock markets: an online course in 20 short lessons with quizzes and a final certificate, on Unicorn Academy.
This page in other languages
- Chi vigila: SEC e FINRA (Italiano)
- Qui surveille : SEC et FINRA (Français)
- Wer die Aufsicht führt: SEC und FINRA (Deutsch)
- Quién supervisa: SEC y FINRA (Español)
- Quem supervisiona: SEC e FINRA (Português)
- Кто надзирает: SEC и FINRA (Русский)
- 谁来监管：SEC与FINRA (中文)
- 誰が監督するか：SECとFINRA (日本語)
- निगरानी कौन करता है: एसईसी और फ़िनरा (हिन्दी)
- 감독 기관: SEC와 FINRA (한국어)
- Kim denetler: SEC ve FINRA (Türkçe)
- Siapa yang mengawasi: SEC dan FINRA (Bahasa Indonesia)
- من يشرف: SEC وFINRA (العربية)
- Ai giám sát: SEC và FINRA (Tiếng Việt)
- Kto nadzoruje: SEC i FINRA (Polski)