Pros And Cons Of Regulatory Bodies

Regulatory Bodies Checkpoint

Basically, a regulatory body is a tiered system put in place to protect investors and banks from cons and scams. It helps to prevent fraud and punishes offenders for things such as insider trading. At the top of this regulatory structure is the United States Congress which is itself the in charge of the SEC or Securities Exchange Commission, this body puts regulations and laws in place which banks, brokers, investors and the Marketplace must abide by, it also oversees all operations and releases quarterly and annual reports on the health and direction of the market and economy. Next is the NASD or the National Association of Securities Dealers, this is the body that makes policy for the industry i.e.,