Are municipal securities registered with the SEC?
A FINRA member that engages in municipal securities business or municipal advisory activities must register with the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB) and its registered representatives must be properly qualified.
Are municipal securities exempt from regulation by the SEC?
Municipal securities are subject to the federal securities laws administered by the SEC. Unlike corporate securities, municipal securities generally are exempt from the registration requirements of the Securities Act of 1933.
What does the SEC have the authority to do?
The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
What is SEC in California?
About the Office The Los Angeles Regional Office of the Securities and Exchange Commission has jurisdiction in Arizona, Hawaii, Guam, Nevada, and Southern California.
Are municipal bonds exempt from SEC registration?
U.S. government securities — Treasuries — and municipal bonds are all exempt from registration.
Are Municipal securities government securities?
Municipal bonds (“munis”) are debt securities issued by state and local governments. These can be thought of as loans that investors make to local governments, and are used to fund public works such as parks, libraries, bridges & roads, and other infrastructure.
Who is the SEC accountable to?
The SEC is an independent federal agency that is headed by a bipartisan five-member commission, comprised of the Chairman and four Commissioners who are appointed by the President and confirmed by the U.S. Senate.
Who does SEC report to?
The SEC makes reports available to the public through the EDGAR system. The SEC also offers publications on investment-related topics for public education. The same online system also takes tips and complaints from investors to help the SEC track down violators of the securities laws.
Where does the SEC have offices?
SEC Headquarters – Washington DC. Atlanta Regional Ofiice. Boston Area Office. Chicago Regional Office.