In a financial context, what does the acronym 'SEC' stand for?

The acronym 'SEC' stands for the Securities and Exchange Commission. This is a U.S. government agency responsible for regulating the securities markets and protecting investors. Established in the aftermath of the 1929 stock market crash, the SEC's primary mission is to maintain fair, orderly, and efficient markets, as well as to facilitate capital formation.

The SEC enforces federal securities laws, oversees securities exchanges and brokers, and conducts investigations into securities fraud. By requiring that companies disclose important financial information to the public, the SEC plays a critical role in promoting transparency and ensuring that investors have access to the necessary information to make informed investment decisions.

Understanding the role of the SEC is essential for anyone involved in the financial markets, as it helps to uphold market integrity and investor confidence.