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14 of the New Deals Alphabet Agencies

SEC (Securities Exchange Commission)

Established by Congress in 1934 as an independent, nonpartisan regulatory agency, the SEC was created primarily to restore the stability of the stock market after the crash of October 1929 and to prevent corporate abuses relating to the offering and sale of securities. Today, the SEC is responsible for the enforcement and administration of the laws that govern the securities industry. It also serves as a federal watchdog against stock market fraud and insider manipulation on Wall Street and offers publications on investment-related topics for public education.