The Securities and Exchange Commission

This week's discussion is centered on the Real$-$World Focus presented in CT $17\mathrm{.}4.$

Public companies have to file their annual reports to the Securities and Exchange

Commission $($SEC$).$ There are rules that companies are required to follow.

Domestic issuers must submit annual reports on Form $10-$K$,$ quarterly reports on

Form $10-$Q$,$ and current reports on Form $8-$K$.$

Please review the Real$-$World Focus in your text and answer the following

questions.

$.$ How many enforcement actions does the SEC take each year against

securities law violators? What are the typical infractions?

$.$ What are the typical infractions? Explain.

$.$ What are the typical penalties? Explain.

$.$ After the Great Depression, Congress passed the Securities Acts of $1933$

and $1934$ to improve investor confidence in the markets. What two

"common sense" notions are these laws based on$?$

$.$ Who was the President of the United States at the time of the creation of

the SEC? Who was the first SEC chairperson? Who is the current SEC

chairperson?