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Securities and Exchange Commission v. Telegram Group Inc. et Aldo. 36Case 1:19cv09439PKC Document 36 35 Filed 11/12/19 11/08/19-Page 1 of 18UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK
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The Securities and Exchange Commission (SEC) is a U.S. government agency that enforces securities laws to protect investors, maintain fair and orderly functioning of securities markets, and facilitate capital formation.
Public companies, mutual funds, and other entities that publicly offer securities are required to file with the SEC. This includes companies with more than $10 million in assets and a class of securities held by at least 2,000 investors or 500 non-accredited investors.
To file with the SEC, entities must complete the appropriate forms, which can vary depending on the type of filing. Common forms include 10-K, 10-Q, and 8-K. Filers can submit these forms electronically through the EDGAR (Electronic Data Gathering, Analysis, and Retrieval) system.
The SEC's primary purpose is to protect investors from fraudulent activities, ensure that markets operate efficiently, enforce securities laws, and promote capital formation.
Companies must report financial statements, management discussions, corporate governance practices, risks, and any material changes that could affect investor decisions.
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