Lindsey needs a car to get back and forth from her home in the city to her university, which are 4 miles apart. When shopping fo
r a car, Lindsey decides to buy a Hummer H3 because she wants a car that her peers will notice and respect. What is Lindsey exhibiting through this purchase?
Securities Exchange Commission (SEC) have a mission of protecting investors, ensuring a fair and efficient market, and encourage capital formation.
They monitor participants in the securities markets by ensuring there is disclosure of important information regarding the market, maintain fair dealing, and protect participants against fraud.
Therefore SEC has the authority over the accounting and financial disclosures for companies whose shares of ownership (stock) are traded and sold to the public.
