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U.S. Securities and Exchange Commission

Federal agency · Founded 1934


Structure and appointment

Independent regulatory commission. Five commissioners appointed by the President with the advice and consent of the Senate, serving five-year terms. Not more than three may be members of the same political party, and appointments alternate between parties as nearly as practicable.

Source: statute / agency record

Where to read more

Notes

SEC. Largely self-funded from fees. Securities markets regulator.