Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
The Securities Exchange Commission.
It was brought into existence by Congress in reaction to a whole lotta shady dealings against farmers who knew a lot about wheat but nothing about making bread.
The SEC helps regulate the trading and management of securities in broad form. There are 5 commissioners (think: the board of directors) who are appointed by the president and approved by the Senate. The big focus is disclosure—that is, the SEC isn't there to help investors make good investments; they are there so that the laws of caveat emptor (buyer beware) can at least be fairly and equally evaluated. Then investors can dig their own holes.