Of course independent regulatory commissions have extensive authority in establishing and enforcing regulations. The SEC does regulate the buying and selling of stocks and bonds and oversees the operation of stock exchanges, to protect investors against fraud and other investment malpractices.
Any securities being offered for sale must be registered with the SEC. Stock exchanges, such as the New York Stock Exchange, muset follow numerous SEC regulations. The SEC regulates and monitors the percentage of cash down payment which must be paid for stock bought on the margin. The sale of futures, which are commodities purchased presently to be delivered at a later date, is closely regulated and monitored. The SEC also closely monitors and regulates mutual funds and I believe that you know what those are.
The SEC has the power to directly take action against violators of its regulations and it may also refer certain cases to the Attorney General for prosecution.
The SEC should have been investigating Halliburton a long time ago.
The SEC should have been investigating Halliburton a long time ago.
Based on what?
The SEC IRS has the power to directly take action against violators of its regulations and it may also refer certain cases to the Attorney General for prosecution. The SEC IRS should have been investigating Halliburton 'eWW" a long time ago.
Yep they should have gotten the 'eww' on the witness stand many moons ago... especiallys since he has nothing to hide.....