As someone who has worked in the financial and investment field for
many years, James Lukezic understands the role of the SEC quite well.
The SEC (‘Securities and Exchange Commission) was created by the United States Congress to monitor the American stock market. It holds supervisory power that extends to insider deals, as well.
Foundation
The organization was founded in 1934 in the middle of the Great Depression, five years after the infamous Black Friday when Wall Street crashed. The hope behind the process was to restore the lost confidence in the capital markets. The organization wanted to achieve this by monitoring every phase of the financial processes, making sure that the companies (as well as the brokers and dealers) conduct themselves in an honest and ethical manner.
The Whistleblower Program
The whistleblower program was created after the 2010 Dodd-Frank Wall Street and Consumer Protection Act, and is arguably the most powerful “weapon” in the hands of the SEC. It offers high rewards to those who share information that ultimately leads to certain law enforcement actions.
Organizational Structure
The president appoints the five commissioners, and one of them is elected as the chairman. To make sure that no political group can gain too much influence, it is mandated that a maximum of three members can come from the same political party. The organization consists of five divisions and has a grand total of 23 offices. The duties include interpretation and enforcement of certain financial rules, as well as overseeing the securities market and coordinating the regulatory processes.
As an experienced fiduciary, James Lukezic cannot emphasize just how important the role of the SEC is.
The SEC (‘Securities and Exchange Commission) was created by the United States Congress to monitor the American stock market. It holds supervisory power that extends to insider deals, as well.
Foundation
The organization was founded in 1934 in the middle of the Great Depression, five years after the infamous Black Friday when Wall Street crashed. The hope behind the process was to restore the lost confidence in the capital markets. The organization wanted to achieve this by monitoring every phase of the financial processes, making sure that the companies (as well as the brokers and dealers) conduct themselves in an honest and ethical manner.
The Whistleblower Program
The whistleblower program was created after the 2010 Dodd-Frank Wall Street and Consumer Protection Act, and is arguably the most powerful “weapon” in the hands of the SEC. It offers high rewards to those who share information that ultimately leads to certain law enforcement actions.
Organizational Structure
The president appoints the five commissioners, and one of them is elected as the chairman. To make sure that no political group can gain too much influence, it is mandated that a maximum of three members can come from the same political party. The organization consists of five divisions and has a grand total of 23 offices. The duties include interpretation and enforcement of certain financial rules, as well as overseeing the securities market and coordinating the regulatory processes.
As an experienced fiduciary, James Lukezic cannot emphasize just how important the role of the SEC is.
