Regulatory Bodies and Their Functions

Topics: Independent agencies of the United States government, Federal Reserve System, Federal Trade Commission Pages: 1 (280 words) Published: January 30, 2012
Regulatory Bodies
By Jason Eastridge
University of Phoenix
Daneene Barton
January 28, 2012

There are many major regulatory bodies in the financial industry. I found there to be about nine major bodies. First you have the FDIC, Federal Deposit Insurance Corporation, which insures al major banks deposits. The FDIC also handles and approves any bank mergers and audits. The FED, Federal Reserve System, basically is the manager of the money supply to banks and handles some banking regulations within the financial system. The SEC, Securities and Exchange Commission, is in regards to the stock market. They regulate the buying and selling of securities. The ICC, Interstate Commerce Commission, handles all commerce that crosses any state lines. OSHA, Occupational Safety and Health Administration, handles workplace safety and standards. All employers must comply with guidelines that OSHA has developed and deemed necessary to comply with to ensure a safe working environment. The FTC, Federal Trade Commission, protects us as consumers from things like false advertising and deceptive marketing tactics by large corporations. The FTC helps keep the consumer from falling into financial traps. The NLRB, National Relations Labor Board, maintains the relationships between unions and the employers. The NLRB monitors the relationships to help stop and prevent corrupt business and practices. The CPCS, Consumer Product Safety Commission, is basically OSHA’s enforcer. They go out and ensure employers are meeting and complying with all OSHA guidelines. Lastly the EEOC, Equal Employment Opportunity Commission, monitors employers and how they handle the hiring or their employees. The EEOC protect people of all races, genders, religions, and sexual orientations from being discriminated against in the hiring process of any and all employers.
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Regulatory Bodies Essay
  • Regulatory Bodies Research Paper
  • Regulatory Bodies Checkpoint Essay
  • Finance: Nine Major Regulatory Bodies Essay
  • Accounting Regulatory Bodies 13 Essay
  • Regulatory Bodies with Roles in Accounting Essay
  • Nine Major Regulatory Bodies Essay
  • Regulatory Bodies of India Essay

Become a StudyMode Member

Sign Up - It's Free