Definition of the Securities and Exchange Commission from the Oxford Advanced Learner's Dictionary


the Securities and Exchange Commission

; NAmE
(abbreviation the SEC)
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an independent US government organization responsible for controlling the financial markets and making sure that people and companies that deal on the stock exchange do not break the law. It investigates complaints and can take people to court for illegal operations. The SEC was established in 1934 and its five members are appointed by the US President.