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Structure Of SEC

The Securities and Exchange Commission which is commonly known as SEC comprises five Commissioners. They are assigned or appointed by the President of United States with the consent of the United States Senate. Their terms last five years and are confounded so that one Commissioner's term ends on June 5 of each year. About the structure of SEC, there are four divisions within the SEC, nineteen offices with approximately 3,800 staff. SEC headquarter is located in Washington D.C. Moreover, SEC also has eleven regional offices throughout the United States. Go through the following article to get more information about the structure of Securities and Exchange Commission.

The four main divisions of SEC include Corporation Finance, Trading and Markets, Investment Management and Enforcement. The division of Corporation Finance supervises the disclosure made by public companies and the registration of transactions, such as mergers, made by companies. The division is also responsible for operating EDGAR. The Trading and Markets division supervises self-regulatory organizations which include FINRA, MSRB, broker dealer firms and investment houses. This division also solves proposed changes to regulations and monitors operations of the industry. The Investment Management division supervises investment companies including mutual funds and investment advisors. However, the division of Enforcement works with the other three divisions, and other Commission offices, to investigate violations of the securities laws and regulations and to bring actions against alleged violators.

Looking into the SEC structure, we came to know that SEC also conducts investigations privately. The staff of SEC may ask for voluntary production of documents and testimony, or ask for a formal order of investigation from the SEC, which enables staff to compel the production of documents and witness testimony. SEC can even bring a civil action in a U.S District Court or administrating proceeding which is heard by an independent administrative law judge. Although SEC does not have any criminal authority, yet they can refer matters to state and federal prosecutors. Some of the offices of the SEC include the Office of General Counsel, the Office of the Chief Accountant, the Office of Compliance, Inspections and Examinations, the Office of International Affair, the Office of Investor Education and Advocacy and the Office of Economic Analysis.