• See Securities and Exchange Commission.

• The Securities and Exchange Commission, the primary federal regulatory agency of the securities industry.

 Embedded terms in definition
Securities and exchange commission
 Referenced Terms
 10 k: Annual report required by the Sec each year. Provides a comprehensive overview of a company's state of business. Must be filed within 90 days after fiscal year end. A 10Q report is filed quarterly.

 12b 1 fees: The percent of a mutual fund's assets used to defray marketing and distribution expenses. The amount of the fee is stated in the fund's prospectus. The Sec has recently proposed that 12B-1 fees in excess of 0.25% be classed as a load. A true no load fund has neither a sales charge nor 12b-1 fee.Are charges assessed against an individual's mutual fund holdings for marketing and distribution expenses.A provision of the Investment Company Act of 1940 that allows a Mutual Fund to collect a fee for the promotion, sale, or other activity connected with the distribution of its shares. The fee must be reasonable (typically 1/2 to 1% of net assets managed), up to a maximum of 8.5% of the offering price per share.

 Annual report: A corporations's annual statement of financial operations, typically a glossy, colorful publication. Annual reports include a balance sheet, income statement, auditor's report and description of a company's operations. The Securities and Exchange Commission requires that publicly-traded companies file an annual report, called a Form 10-K, with the Commission. The 10-K contains more detailed financial information than many annual reports.Is the yearly statement of financial condition for a financial organization. It includes balance sheet and income statement items. It may also include a descriptive synopsis of organizational highlights.Yearly record of a publicly held company's financial condition. It includes a description of the firm's operations, its balance sheet and income statement. Sec rules require that it be distributed to all shareholders. A more detailed version is called a 10-K.The report that corporations must provide to common shareholders that summarizes and documents the firm's financial activities during the past year.

 Broker dealer: A person or firm in the business of buying and selling Securities. Also known as an Agent when buying securities and a Principal when selling them; one person may act as either, but not in the same transaction. Broker-dealers normally must register with the SEC, the appropriate SROs and any state in which they do business. See also: Broker.

 Edgar: Acronym for Electronic Data Gathering, Analysis, and Retrieval. The Securities and Exchange Commission's electronic system used by all publicly-traded companies to transmit required filings to the SEC. The SEC provides a free EDGAR; other companies provide their own EDGAR services that include additional information and search capabilities.The Securities & Exchange Commission uses Electronic Data Gathering and Retrieval to transmit company documents such as 10-Ks, 10-Qs, quarterly reports, and other SEC filings, to investors.

 Related Terms
 Sec rule 15c3 1
Securities and exchange commission sec

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