what is sec

The SEC, or U.S. Securities and Exchange Commission, is an independent agency of the United States federal government, established in 1934. It is responsible for regulating the securities markets, protecting investors, and facilitating capital formation. The primary purpose of the SEC is to enforce the law against market participants and ensure the fair and orderly functioning of the securities markets. It oversees organizations and individuals in the securities markets, including securities exchanges, brokerage firms, dealers, investment advisors, and investment funds