What is the definition of Securities and Exchange Commission (SEC)?
The Securities and Exchange Commission (SEC) is a government-established organization that is responsible for overseeing the operations of publicly-held insurance companies. It is an independent agency that regulates the stock exchange, the securities industry and other electronic securities markets. Basically, the SEC is in charge of protecting the nation's investors.
The SEC was established due to 1934 Securities Exchange Act. Companies that fall under the purview of the SEC are required to provide annual and quarterly reports such as the 10K (annual financial statement) and 10-Q (quarterly financial statements). By law, all companies are required to disclose to the SEC important information and events regarding company stock. For example, if an individual or entity buys over 5% of the company's stocks, this must be reported to the SEC to help it monitor takeover threats.
| Not a bit | Very useful |
- Securities Outstanding
- Securitization of Insurance Risk
- Segregated Account
- Self-Insurance
- Separate Account
- Settlement Options
- Severity
- Sewer Back-Up Coverage
- Shared Market
- Short-Term Disability Income Insurance
- Section 415
- Section 1035 Exchange
- Secondary Market
- Schedule
- Salvage
- Rollover
- Risked-Based Capital
- Risk Retention Groups
- Risk Management
- Risk