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The Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. It enforces, among other acts, the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940 and the Investment Advisors Act . It removed regulatory authority from the Federal Trade Commission.

The SEC has five Commissioners who are appointed by the President of the United States with the advice and consent of the Senate. Their terms last five years and are staggered so that one Commissioner's term ends on June 5 of each year. To ensure that the SEC remains non-partisan, no more than three Commissioners may belong to the same political party. The President also designates one of the Commissioners as Chairman, the SEC's top executive.

President Franklin Delano Roosevelt appointed Joseph P. Kennedy, Sr, father of future President John F. Kennedy, to serve as the first Chairman of the SEC. For a list of other appointees, see: Securities and Exchange Commission appointeesMembers of the Securities and Exchange Commission are appointed by the President of the United States: Under Franklin D. Roosevelt: Joseph P. Kennedy, Sr. 1934-35 (Chair: 1934-35) George C. Mathews 1934-40 James M. Landis 1934-37 (Chair: 1935-37) Robert E.

1 Related legislation

• 1964Events January January 1 Federation of Rhodesia and Nyasaland is dissolved. January 3 Senator Barry Goldwater announces that he will seek the Republican nomination for President. January 5 In the first meeting between leaders of the Roman Catholic and Ort - Securities Act Amendments PL 88-467
• 1968Events Undated Booker Prize for Fiction is established by Booker plc. 1968 is known as the year of the Prague Spring and also the year of the Paris riots. The ASCII character code is standardized as ANSI Standard X3. Nauru adopt his national anthem of the - Securities Disclosure Act PL 90-439
• 1975Events January January 1 Watergate scandal: John N. Mitchell, H. Haldeman, John D. Ehrlichman are found guilty of the Watergate cover-up and are sentenced to 30 months to 8 years in jail on February 21 January 5 The Tasman Bridge in Tasmania, Australia, i - Securities and Exchange Act PL 94-29
• 19801980 is a leap year starting on Tuesday. Events January-February January 1- April 1 National steel strike in United Kingdom January 1 Changes to the Swedish Act of Succession creates Victoria of Sweden, Crown Princess over her younger brother January 5 He - Depository Institutions and Deregulation Money Control Act PL 96-221
• 1982Events January January 6 William Bonin is convicted of being the "freeway killer". January 8 AT&T agrees to divest itself of twenty-two subdivisions January 11 Mark Thatcher, son of the British Prime Minister Margaret Thatcher, disappears in the Sahara du - Garn-St. Germain Depository Institutions Act PL 97-320
• 1984This page is about the year 1984. For other uses of 1984, see 1984 (disambiguation). 1984 is a leap year starting on Sunday (link shows calendar). Events January January 1 Brunei becomes a fully independent state January 1 AT&T is broken up into 22 indepe - Insider Trading Sanctions Act PL 98-376
• 1988 - Insider Trading and Securities Fraud Enforcement Act PL 100-704
• 1989 - Financial Institutions Reform, Recovery, and Enforcement PL 101-73
• 1999 - Gramm-Leach-Bliley Act PL 106-102
• 2002 - Sarbanes-Oxley Act

See also: Financial supervision