SEC

[S-E-C]

What is the definition of SEC?

The Securities and Exchange Commission (SEC) is an agency authorized by the United States Congress to regulate the securities markets and protect investors by enforcing financial reporting practices among public corporations.

Using SEC in an Example

The SEC plays a critical role in maintaining fair, orderly, and efficient markets. For instance, it oversees the disclosure of important financial information, regulates the trading of securities, and ensures that market participants adhere to the laws and regulations designed to protect investors and the integrity of the capital markets.

Using SEC in a sentence

The company had to revise its financial statements and submit them again to the SEC to comply with the regulatory standards.

Related Terms

Surviving Spouse

A person whose spouse has died within the tax year and who may file a joint tax return for that year. Additionally, the surviving spouse can file joint returns for the next two years if they remain unmarried and maintain a household as the principal residence for a dependent child.

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Swap

A financial contract in which two parties agree to exchange streams of payments over a specified period, based on different indices such as interest rates, foreign exchange rates, or equity indices, applied to a notional amount. Swaps typically do not involve the exchange of principal.

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