The United States Securities and Exchange Commission—or SEC—is the watchdog of Wall Street. So how does it work and what power does it really have? CNBC explains. The mission of the SEC, as it says on its website is, “to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.” In other words, the SEC is out to catch those in the financial industry who are breaking SEC rules and by doing so, keep the stock markets honest and maintain investor confidence. We’ll see how it actually does this in a bit. See CNBC report here.
