Series 14: Chapter 7

Chapter 7

General Firm, Branch, and Individual Registration Procedures

The SEC was created by the Securities Exchange Act of 1934. It’s the primary regulator of the securities industry in the United States. The mission of this federal agency is to:

• Protect investors

• Maintain fair, orderly, and efficient markets

• Facilitate capital formation

The SEC requires public companies to disclose financial and other information to the public. The goal is a common pool of knowledge for all investors to use to judge for themselves whether to buy, sell, or hold a particular security. The result of this information f