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What US government agency gives authority over the financial reporting requirements of publicly traded corporations?
When it comes to the financial reporting of publicly owned corporations, the SEC has the final authority. SEC stands for U.S. Securities and Exchange Commission.
What is the regulatory commission tasked with the oversight of publicly traded companies?
The regulatory commission that oversees publicly traded companies is the Securities and Exchange Commission or better known by it's initials the "SEC." The SEC was formed in 1934 to enforce the Securities Act of 1933. The SEC is an independent regulatory agency that is to regulate the stock market and prevent corporate abuses regarding to the selling and buying securities. Most of the abuses that the SEC attempts to tackle is called "Insider Trading," where a member of the Board of Directors or an employee of the company attempts to sway the market for his or his own personal gain by using information that is not public. The SEC was created to overt another 1929 market crash. Corporations are required to file reports annually to the SEC.
Does the Bush family own Exxon Mobil?
No. Exxon Mobile is a publicly traded company that is owned by thousands of shareholders.
Who owns Cerberus?
Cerebus Capital Management is a publicly traded company. Despite rumors, George Soros is not an officer of the company.
What Refers to any medium of exchange such as a precious metal or government-printed pieces of paper that can be traded for other goods.?
Demand
