Marc Schulman


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Security and Exchange Commission (SEC)


Security and Exchange Commission (SEC) - independent regulatory agency, part of the federal executive branch. The Commission was created under the Securities Exchange Act of 1934. It administers federal laws on securities (stocks and bonds); to protect investors and ensure that securities markets function fairly and honestly and enforce securities laws through sanctions. Since some of the SEC's functions are quasi-judicial, SEC decisions can be reviewed by the United States Court of Appeals.