Purpose: Learn about the SEC. LO3 Address: www.sec.gov/index.html Steps 1. From the SEC homepage, choose About the SEC.

Instructions Answer the following questions.

(a) How many enforcement actions does the SEC take each year against securities law violators?

What are typical infractions?

(b) After the Depression, Congress passed the Securities Acts of 1933 and 1934 to improve investor confidence in the markets. What two commonsense notions are these laws based on?

(c) Who was the president of the United States at the time of the creation of the SEC? Who was the first SEC chairperson?

ETHICS CASE