The U.S. securities markets are regulated by the Securities and Exchange Commission (SEC) and self-regulatory organizations, such as the Financial Industry Regulatory Authority (FINRA). The SEC’s mission is to protect investors; maintain fair, orderly and efficient markets; and facilitate capital formation. It fulfills this mission by requiring timely and comprehensive disclosures from public companies, conducting examinations and inspections of regulated entities, and bringing enforcement cases against those that violate securities laws and SEC’s rules. Since the outbreak of COVID-19, the SEC’s regulatory actions have largely focused on extending filing deadlines and requirements and providing other relief to regulated entities.
★ = Actions considered to be most consequential