Class Action Notice: Evolv Technologies (NASDAQ: EVLV) – Berger Montague Representation
The Securities and Exchange Commission (SEC) is a government agency responsible for overseeing and regulating the securities industry in the United States. Formed in 1934 in response to the stock market crash of 1929, the SEC’s mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
One of the key functions of the SEC is enforcement. The agency has the power to investigate and bring enforcement actions against individuals and companies that violate securities laws. This includes insider trading, accounting fraud, and other violations of securities regulations.
In addition to enforcement, the SEC also plays a crucial role in the regulatory process. The agency is responsible for proposing and enforcing rules that govern the securities industry. These rules are designed to protect investors and ensure the integrity of the markets.
The SEC is made up of five commissioners appointed by the President of the United States, with no more than three commissioners from the same political party. The commissioners are responsible for overseeing the agency’s various divisions, including the Division of Corporation Finance, the Division of Trading and Markets, and the Division of Enforcement.
Overall, the SEC plays a vital role in ensuring the integrity and stability of the securities industry in the United States. By enforcing securities laws, proposing and enforcing regulations, and protecting investors, the SEC helps to create a fair and transparent market that benefits investors and companies alike.
