Box 3.4 Divisions of the SEC
• The Division of Corporation Finance oversees corporate disclosure by corporations
when stock is initially sold and then on a continuing periodic basis.
• The Division of Investment Management supports investor protection through oversight
and regulation of America’s $26 trillion investment management industry (including
mutual funds professional fund managers who advise them; analysts who
research individual assets and asset classes; and investment advisers to individual
customers).
• The Division of Risk, Strategy and Financial Innovation supports the identification of
developing risks and trends in the financial markets and provides analysis that integrates
economic, financial and legal disciplines (reflecting the changes in capital markets
and corporate governance and the emergence of derivatives, hedge funds and new
technology).
• The Division of Enforcement executes the Commission’s law enforcement function by
recommending civil actions be brought before federal courts (or before an administrative
law judge as appropriate), prosecuting these cases on behalf of the Commission, and
working closely with law enforcement agencies both in the US and internationally to
bring criminal cases when required.