Talk:U.S. Securities and Exchange Commission

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Contents 1 EDGAR 2 Merge article 3 Ungrammatical text fragment removed 4 Mission Statement 5 ==Misc.==

[edit] EDGAR

EDGAR is not featured prominently in this article, which seems odd, since EDGAR is what levels the playing field for individual investors vs. big Wall Street houses and is one of the main reasons the average investor is interested in the SEC.

One of the hottest issues in financial disclosure revolves around the new XBRL standard and is directly related to EDGAR Filings. Why were these links removed?

We added link to EDGAR back in the new rewrite. Fred Hsu 01:42, 12 June 2006 (UTC)

[edit] Merge article

Should "Stock Market Regulation in the United States" and "U.S. Securities and Exchange Commission" be merged?:

• NO - DISAGREE: Stock Market Regulation in the United States is done not only by the SEC, but every state has rules and regulations, every states Secretary of State monitors securities, every states Attorney General files lawsuites based on regulations of securities fraud.

State Securities Regulators:

• List of State Regulators
• List of Regulators
• Securities Links (State of MASS)

Other regulatory bodies:

• The NASD (NASD Regulation, Inc.)
• NASDAQ
• NYSE (NYSE Rules and Procedures)
• AMEX
• The Commodity Futures Trading Commission
• Federal Trade Commission
• The Municipal Securities Rulemaking Board
• The Financial Accounting Standards Board
• United States Postal Inspection Service
• National Futures Association
• etc, also regulate their listed companies.

The Stock Market Regulation in the United States article needs to be expanded to include these other regulators.

So I vote NO on this one.

WikiDon 08:11, 27 September 2005 (UTC)

Agreed - if it becomes a more general article, then it makes sense to have a seperate entry. I'm not too happy with the name (apart from all the Capitals) - it should rather be "Securities regulation in the United States", as the term stock market can be vague, and all regulation will refer to the issuance and trading of securities. Also, in the article there should be a clear distinction between:

• Government agencies such as the SEC and MSRB
• Industry organisations such as the NASD and ICMA, that serve as self-regulatory bodies.
• Commercial stock exchanges such as NYSE & AMEX that have their own internal regulations regarding the companies that list on them

Also, the scope will have to make sense - if it becomes too broad we will have to rename it again to include financial regulation in general. DocendoDiscimus 11:15, 27 September 2005 (UTC)

Does the President appoint the Chair (as per article) or do the Commissioners elect him/her? - Ted Wilkes 19:31, 6 November 2005 (UTC)

[edit] Ungrammatical text fragment removed

Dear fellow editors: On 7 March 2006 I deleted the following ungrammatical text that had been inserted by an anonymous user near the end of the main article:

the SEC regulates gave Congress the power to regulate stock comissions as well

I'm not sure what the user was trying to say. The phrase "the SEC regulates gave Congress the power [ . . . ] " makes no sense. I would guess the writer meant that "Congress gave the SEC the power to regulate stock commissions" or something to that effect. Yours, Famspear 15:29, 7 March 2006 (UTC)

[edit] Mission Statement

I removed the following sentence added by User:Noble Element. Fred Hsu 04:20, 10 July 2006 (UTC)

On December 23, 2005, Chairman Chris Cox elminated the words “Since its inception in 1934", "Honest", and "Integrity” from the Mission Statement of the SEC. [1]

And this external link: 2005 Change in Mission Statement'

Fred-

I don't understand why this reference was removed? I believe this 1st change in the SEC Mission statement after almost 60 years is profound. Why not help me to properly document the change?

Here's a way to document the link that refers only to the Government website material:

On December 23, 2005, Chairman Chris Cox elminated the words “Since its inception in 1934", "Honest", and "Integrity” from the Mission Statement of the SEC

http://sec.gov/about/secpar/secpar2005.pdf#sec1 on Page 4, 5 Paragraph, 1st Sentence

"The SEC’s mission is to protect investors; to maintain fair, orderly, and efficient markets; and to facilitate capital formation."

Please advise at your convenience Fred, Thanks JAC. 05:10, 10 July 2006 —Preceding unsigned comment added by 24.255.41.128 (talk • contribs) and by 05:13, 10 July 2006 —Preceding unsigned comment added by Noble Element (talk • contribs)

If you look at the cited article (faulkingtruth.com), you'll see that Mr. Cox was NOT the one who made the changes (or, at least, all of them - he's only been Chairman for what, a year?). The article does provide links to ORIGINAL sources; in my opinion those should be used EXCLUSIVELY, since the faulkingtruth.com page is rather long and doesn't get the matter exactly right when it starts (the part you quote).

As to whether this is newsworthy or not, I think at most the wikipedia article should say something like "In 200x, the stated mission of the SEC was whatever; by 2005 (or whenever), this had been changed to whatever." And provide two links so that the reader can see for him/herself. John Broughton 14:44, 10 July 2006 (UTC)

I agree with Broughton completely. Fred Hsu 01:10, 11 July 2006 (UTC)

I don't get it. Integrity is mentioned all over the place, right before and right after the mission statement. It's just that they reduced the statement itself to about 10 words. And what's the difference between "fair" and "honest"? Can you be fair and not honest? (And while we're at it, can you protect investors and have a fair market without market integrity? Aren't these all essentially synonyms?) This seems to me to be scandal-mongering. Epstein's Mother 05:35, 17 September 2006 (UTC)

[edit] ==Misc.==

I feel that this should be deleted since it states the exact same thing at the begining. --Nubbie44 02:02, 10 October 2006 (UTC)