The U.S. Securities and Exchange Commission: An Introduction for Accountants Thomas I. Selling PhD, CPA ©Accounting, Law & Business Seminars, Inc., 2002

2 Note to Readers This is a sample of self-study CPE you will be able to access. This sample does not contain the complete presentation, nor the accompanying voice narration.

3 Modules 1. SEC: Its Roots 2. Organization and Activities of the SEC 3. The Integrated Disclosure System 4. Principle Forms of the IDS 5. Overview Regulation S-X and related interpretive guidance 6. Overview of Regulation S-K and related interpretive guidance

4 The SEC: It’s Roots Agency Established by ’34 Act  Independent of executive branch  Non-partisan  Regulatory  Brings administrative proceedings

5 Brief History of Federal Securities Laws  Centuries of prior regulation in UK  State securities laws  The Great Depression  Development of US and Global Capital Markets

6 Securities Act of 1933 Sales of securities through the mail or interstate commerce  Registration and prospectus deliver requirements  Significant exemptions from registration  Accountants liability  Accounting requirements  Independence of auditors

7 Details on ’33 Act Here

8 Securities Exchange Act of 1934  Continuous reporting buy public companies  Proxy soliciations  Tender offer solicitations  Insider trading  Margin trading  Regulation of exchanges, OTC markets, brokers and dealers

9 Details on ’34 Act Here

10 End of Sample