Let's explore the fascinating founding story and role of the SEC! 🤓

In 1929, there was a huge crash in the stock market, leading to the Great Depression 😔

The crash was worsened by people making dangerous investments and investing more than they could afford to lose! 💸

This resulted in lots of debt, ultimately crashing the economy and leaving lots of people in poverty 💔

To prevent another crash, the SEC was established in 1934, shortly after the stock market crash of 1929 📉

💡 SEC = Securities and Exchange Commission and is a government agency that oversees the stock market 📊

Securities are investments like stocks and exchange is the trade of these investments 📚

There are a few other government agencies in the market, but the SEC is the referee of the stock market. 🤾‍♂️

But, beyond calling out fowls, the SEC tries to prevent them 🔍

They do this by reviewing each player in the market, both companies, investors and even the ‘coaches’ or investment services! 🤾‍♂️

Overall, it's an important government agency that makes sure the stock market is fair and protects investors from fraud. 🎉

So now you know the story and role of the SEC! 🤗