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Lashundra Jones_LS311_Unit 9_Case Study

Lashundra Jones_LS311_Unit 9_Case Study - Unit 9 Case Study...

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Unit 9 Case Study: SEC Regulations 1 Unit 9 Case Study: SEC Regulations Lashundra Jones Kaplan University LS311-03 Professor Thompson March 5, 2011
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Unit 9 Case Study: SEC Regulations 2 Unit 9 Case Study: SEC Regulations The Securities Exchange Commission (SEC) is an independent regulatory agency with the functions of administering the 1933 and 1934 acts (Jentz &Miller, 2008). The major responsibilities of the SEC are regulating trade on national and regional security exchanges as well as investigating frauds involving securities (SEC.gov, 2011). The SEC also regulates the activities of brokers and dealers. Section 5 of the SEC Act of 1933 requires all securities be registered before it is offered to the public unless it is covered under an exemption. It must describe the securities being sold and how they are related to the other capital securities of the registering party. So Dakota Gasworks would be required by the SEC to register their securities, this is because they do not fall under any registration exemptions as determined by the SEC.
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