Each year, SEC files hundreds of enforcement actions against companies and people who violate securities laws. For instance, in the 2015 fiscal year, SEC announced that it had filed 807 enforcement actions. In 2014, SEC filed a total of 755 enforcement actions and in fiscal year 2013, it filed 676 enforcement actions. The typical infractions include the following: accounting fraud, inside trading and providing false information about securities and companies that issue them (U.S. Securities and Exchange Commission, n.d).
First, the companies that publicly offer securities for investment dollars must provide the public with the truth regarding their business, securities, and the risk involved in investing. Second, individuals who sell securities must prioritize the interest of the investors by treating them fairly.
At the time SEC was created, the president of the United State was Franklin D. Roosevelt (U.S. Securities and Exchange Commission, n.d). The first SEC Chairperson was Joseph P. Kennedy. The current SEC Chairperson is Mary Jo White (U.S. Securities and Exchange Commission, n.d).
U.S. Securities and Exchange Commission. (n.d). What We Do. Retrieved March 11, 2016, from https://www.sec.gov/about/whatwedo.shtml
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