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Securities and Exchange Commission (SEC)

An independent federal government regulatory body in charge of safeguarding investors, ensuring the fair and orderly operation of the securities markets, and promoting capital formation. The agency was established by the Securities and Exchange Act of 1934 that is in charge of enforcing the legislation regulating the securities market, including the registration and distribution of mutual fund shares. The SEC encourages complete public disclosure, defends investors from dishonest and market-manipulating techniques, and keeps an eye on corporate takeover activities in the country. Additionally, it approves registration documents among underwriting companies. To conduct business, financial services organizations like broker-dealers, advisory firms, and asset managers are required to register with the SEC.

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