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Securities & Exchange Commission (SEC) |
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Securities & Exchange Commission (SEC)A federal agency that regulates the US financial markets. The SEC also oversees the securities industry and promotes full disclosure in order to protect the investing public against malpractice in the securities markets.Securities & Exchange Commission (SEC) Similar MatchesCommodity Futures Trading Commission (CFTC)Commodity Futures Trading Commission (CFTC)An agency created by the US Congress in 1974 to regulate exchange trading in futures. CommissionCommissionPayment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs. Securities and Exchange CommissionSecurities and Exchange CommissionThe US federal agency empowered to regulate US financial markets in order to protect investors. All quoted American companies have to comply with SEC rules and regulations, including the filing of quarterly results statements. Futures Commission MerchantFutures Commission MerchantIn the US, an individual or organisation accepting orders to buy or sell futures contracts or futures options, and accepting payment for his services. FCMs must be registered with the CFTC and the NFA. Indemnity commissionIndemnity commissionWhere a life company pays commission to an agent, the company does so on the proviso it will be entitled to take back some or all of the commission if the policy is cancelled within a given period. Also known as 'clawback'. Further SuggestionsCommodity Futures Trading CommissionCommission Commission broker Commission house Federal Maritime Commission (FMC) Commission Split commission International Organization of Securities Commissioners Fee and commission compensation commission house Securities and Exchange Commission Rules Underwriting Commission Futures commission merchant (FCM) |
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