BYP4-5 Purpose: To learn about the functions of the Securities and Exchange Commission (SEC). Address: www.sec.gov/about/whatwedo.shtml, or go to www.wiley.com/college/kimmel Instructions Use the information in this site to answer the following questions.
(a) What event spurred the creation of the SEC? Why was the SEC created?
(b) What are the five divisions of the SEC? Briefly describe the purpose of each. (c) What are the responsibilities of the chief accountant?