The smooth operation of the nation’s stock exchanges and capital markets is obviously crucial to a successful, prosperous economy. Because of this, the federal government has a vested interest in regulating these markets to ensure they are operating in a fair manner.
The US Securities and Exchange Commission is given this task. Consisting of five members appointed by the President and confirmed by the Senate, the SEC is largely responsible for regulating the stock and securities markets.
At Colling Gilbert Wright & Carter, our stockbroker fraud attorneys understand the nation’s regulatory structure and all relevant laws and regulations.
If you’ve been the victim of stockbroker fraud and need an experienced attorney on your side, please call Colling Gilbert Wright & Carter today at 1-866-352-3476 for a free consultation.
The SEC was initially created by the Securities Exchange Act of 1934. Of the five members on the board, one is appointed Chairperson. There can be no more than three members of the same party on the commission, and while the President can appoint commissioners, he cannot fire them. Commissioners serve five-year terms.
The SEC, aside from establishing regulations, also investigates complaints about securities fraud, insider trading and other violations of federal law. It can bring civil actions about companies and individuals and work with prosecutors in criminal cases.
Unfortunately, while most SEC staff members are committed public servants, they are sometimes overwhelmed and under-funded. Our stockbroker fraud attorneys provide a valuable service for everyday Americans like you by helping you with your specific case.
If you want to speak to an experienced stockbroker fraud attorney about your claim, please contact Colling Gilbert Wright & Carter today for a free consultation.