Is the sec doing its job?

The U.S. Securities and Exchange Commission (SEC) is a federal agency in the United States responsible for regulating and overseeing the securities industry, including stock exchanges, broker-dealers, investment advisors, and securities transactions. Established in 1934 during the Great Depression, the SEC's primary mission is to protect investors, maintain fair and orderly functioning of the securities markets, and facilitate capital formation.
Key roles and responsibilities of the SEC include:

1. Enforcement: The SEC enforces federal securities laws by investigating securities fraud, insider trading, and other violations. It takes legal action against individuals and companies engaged in illegal practices.
2. Regulation: It formulates and enforces rules and regulations governing the securities industry. This involves overseeing financial disclosures, insider trading, and ensuring fair practices.
3. Oversight of Securities Markets: The SEC supervises the operations of securities exchanges such as the New York Stock Exchange (NYSE) and the Nasdaq Stock Market, ensuring that they function fairly, efficiently, and transparently.
4. Protecting Investors: The commission provides investors with access to key information about investments and protects them from fraudulent activities in the financial markets.
5. Promoting Capital Formation: The SEC aims to facilitate the capital-raising process for companies by ensuring transparency and reliability in the markets, allowing investors to confidently invest in securities.

The SEC requires public companies to regularly disclose financial information and adhere to accounting and reporting standards to ensure transparency. Additionally, it investigates complaints and conducts market surveillance to prevent misconduct, fraud, and market manipulation.
The SEC consists of five commissioners appointed by the President of the United States. Its headquarters is in Washington, D.C. The commission plays a critical role in maintaining the integrity and stability of the U.S. financial markets while safeguarding the interests of investors.