Securities Laws Wall Street
Image credit: Piqsels

An Overview of Federal Securities Laws Enforcers in the United States

Securities and Exchange Commission (SEC)

  • Corporate Finance: One of the busiest divisions, The Division of Corporate Finance reviews securities filings that public companies file with the SEC. Such public disclosure documents may include annual reports on Form 10-K, quarterly reports on Form 10-Q, registration statements, and proxy materials.
  • Enforcement: Another busy division, the Division of Enforcement is responsible for enforcing federal securities laws.
  • Investment Management: This division provides oversight of investment advisers, mutual funds, mutual fund managers, and market analysts.
  • Examinations: This division promotes compliance with securities laws among market participants.
  • Trading and Markets: This division maintains fair and orderly markets by monitoring stock exchanges, securities firms, FINRA, and other regulatory organizations.
  • Economic and Risk Analysis: This division supports the SEC in overseeing rulemaking, risk assessments, and data analysis.
Securities Laws SEC Seal

Six Specialized Units to Enforce Securities Laws

  • Asset management
  • Market abuse
  • Complex financial instruments
  • Municipal securities and public pensions
  • Foreign Corrupt Practices Act (FCPA)
  • Cyber Unit

Financial Industry Regulatory Authority (FINRA)

Commodities Futures Trading Commission (CFTC)

  • Clearing and Risk
  • Enforcement
  • Market Oversight
  • Market Participants Division

Department of Justice (DOJ): No Criminal Presecuties Under Securities Laws



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store