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The Role of the SEC

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  • Why was the SEC created in the aftermath of the stock market crash of 1929 and during the Great Depression?
    To restore public confidence in the securities markets and protect investors
  • Which form do companies typically use to register new securities with the SEC?
    Form S-1
  • What is the primary mission of the Securities and Exchange Commission (SEC)?
    Protect investors, maintain fair markets, and facilitate capital formation
  • In annual and quarterly reports, who is required to certify the financial and certain other information?
    CEO and CFO
  • In what timeframe must companies file current reports on Form 8-K to report specified events?
    Often within four business days
  • The SEC oversees which organization is responsible for setting accounting standards.
    Financial Accounting Standards Board (FASB)
  • One of the SEC's key functions is to protect investors. Which of the following is NOT a way in which the SEC achieves this goal?
    Promoting risky investment strategies
  • In what year was the SEC established?
    1934
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