Overview of the Securities and Exchange Commission

Publicly traded companies are subject to the reporting and disclosure requirements of the Securities Exchange Commission (SEC). The laws that govern the securities industry were established to provide transparency to investors, creditors and shareholders alike. According to Hoyle, Schaefer & Doupnik, (2015) there are seven major disclosure requirements, the first being a five-year summary of operations to encompass sales, assets, income from continuing operations. Followed by a description of business activities, a three year summary of industry segments to include foreign and domestic operations, a list of company directors and executives, quarterly market price of common stock for the last two years, restrictions on the company’s ability to continue paying dividends, and finally, an analysis of the company’s financial condition, changes in the conditions and results of operation.

The US Securities and Exchange Commission (SEC) is the US federal agency that holds the primary mandate to enforce federal securities laws and regulations to control the securities industry and the country’s stock exchange and regulation of all activities and organizations including the US electronic securities market. The SEC is committed to promoting a market environment that yields public trust characterized by integrity to attain its mission of protecting investors through maintenance of fair and efficient markets through facilitation of capital information (Basagne, 2010). The SEC financing is a major area of focus since there has been major concern regarding the SEC agency financing and whether they utilize the

The Security and Exchange Commission is the organization who monitors fraudulent transactions and insider trading. Some experts in ethical behavior consider inside trading the most dramatic form of utilitarian ethics.

The SEC assists in providing investors with reliable information upon which to make investment decision. The Securities Act of 1933 requires most companies planning to issue new securities to the public to submit a registration statement to the SEC for approval. The Securities Exchange Act of 1934 provides additional protection by requiring public companies and others to file detailed annual reports with the commission. Smackey Dog Food, need to file next forms:

As stated on the official SEC website, “The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public’s trust.” You gain a relatively good idea of their ultimate purpose through this mission statement, but a look at the SEC’s 2014-2018 strategic plan (which is only up for draft at the moment) will gives us better insight into exactly what they are aiming to achieve. In this report, the SEC identifies primary strategic goals that it will work to reach.

Although only required to discuss two associations this writer thought it was important to discuss the SEC as they are directly connected to FINRA in that they take litigation cases, and fraud cases from FINRA and follows up on whether any security laws or criminal laws were broken. Once they investigate the wrong doing they proceed with the corrective action that best suits the offense not excluding criminal prosecution and jail time. According to the Securities and Exchange Commission (2014) website the mission of the SEC is to “protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation”. The SEC was created to ensure that all investors big or small have a fair and unbiased account of a

The SEC is the administrative agency responsible for regulating the sale of securities under both the 1933 and 1934 acts (Jennings, 2012). The Sec is responsible for issuing injunctions, institute criminal proceeding; bring civil suits and etc. (Jennings, 20104). The SEC gives organizations exemptions such as the Exempt Securities, Exempt Transactions and the offering of securities.

c.) They are required by the SEC to do financial statements quarterly. These quarterly reports

Any one offering securities for sale have to be registered with SEC, alternatively securities may

Ralph Lauren Corporation has been in operation for more than 47 years (Ralph Lauren, n.d.). The company offers the general public variety of high-quality apparels, fashion accessories, eau de toilettes and household products (Ralph Lauren, n.d.). In 1960, the company started creating their brand by selling men’s apparel but it was not until 1970 that the company started selling women’s t-shirts (Ralph Lauren, n.d.). During this time, the company was only marketing its products in the United States. However, in 1981 the company expanded its door internationally in London (Ralph Lauren, n.d.). Years later, Ralph Lauren Collections started marketing their brand by creating designed t-shirts to support a cause such as cancer, men and women’s sportswear, and even home paint. “In 1997, Ralph Lauren became a publicly traded company (Ralph Lauren, n.d.).” The U.S Security and Exchange Commission (SEC) requires publicly traded companies to disclose their financial reports for external users to view. Disclosures are an important section of a company’s annual report. Every statement within the report is likely to have information that will help readers understand the data. The 2015 annual report of Ralph Lauren Corporation contains various disclosures that explain how the financial figures were determined. The disclosures help explain what the company has done over the past year and what they plan to do in the future. Understanding the disclosures related to cash, cash

The purpose of the Securities and Exchange Commission (SEC) is to protect investors, support efficient markets and increase the growth of capital. Investors benefit from fairly presented financial reports which help assess the risk of investing in a particular security. Public confidence in the stock market makes the economy stronger; capital for growth and innovation becomes more easily available.

The stock exchange is a global network that organizes the marketplace where every day a large amount of money moves from one investor to another with the main purpose of making a profit. There are several security markets in the United States, but one of the largest security exchanges market is the New York Stock Exchange (NYSE). The NYSE is an auction market that uses floor traders to make most of its trades. It has two methods of trading, the traditional floor brokers and the all-electronic order (Amadeo, 2017). The main function of the brokers is to manage each transaction, and doing his best to get the highest price and completing the transaction. Before any trading is done, brokers and dealers must get

The US Securities and Exchange Commissions required many large public companies to submit financial reports in XBRL format, but organizations often concern about the cost and time that associate to transform all their financial data to XBRL. The Maryland Association of Certified Public Accountants, a privately held nonprofit company, recognized the value of XBRL to reduce transactional costs and improve operational efficiency. They believed converting their accounting data to XBRL format would deliver more benefits than the costs. With Altova MapForce and FlowForce Server, MACPA was able to transform all data from different systems to XBRL and automate data collection and extraction processes. Not only has the project driven operational efficiencies and increase data accessibility, but also potentially enabled MACPA to submit information to SEC in XBRL.

A financial statement indicates the analysis of managers discusses and their analysis of all part of an annual report, this must be sent to shareholder and it must be filed with the SEC the Quarterly reports do not have all of the details the shareholder wants, but they are also filed with the SEC (Epstein, 2014). Now the annual reports are a bit more formal financial reporting structure it is called the SEC form 10K, and it must be filed with the SEC (Epstein, 2014). According to Epstein, L. (2014), “There is a lot of overlap in the requirements for the 10-K and the annual report to shareholders, but there are also important differences, the 10-K typically includes more detailed information than the annual report to shareholders,”( chapter 1.1). Many companies will send the 10-K, as their annual report to shareholders, in some instances’ the 10-K filed with the SEC and the annual report to shareholders are the (Epstein, 2014). Every facet in a company works together to make the company prosperous and strong it interprets the firm’s financial strength.

Green (1994) said that there are many ways to supervise an enterprise and an audit committee is an important proportion of this supervision. The Securities and Exchange Commission (SEC) in the United States first provided a theory that every public enterprise should establish its own audit committees in 1940 (SEC, 1940). After 1970, the SEC has passed the theory as practice (SEC, 1972), and the New York Stock Exchange (NYSE) suggested its members who listed in NYSE that the audit committees made up of outside directors, which is non-executive directors (NYSE, 1978). After a decade development of this suggestion, the Teadway Commission reinforced it, which suggested that all public companies should be stipulated through