There is no denying that cryptocurrencies have captivated the world. However, with the rise of cryptocurrency also comes the potential for increased risk which increases the tension among investors. To help investors avoid such situations the U.S. Securities and Exchange Commission (SEC) has come up with its list of priorities for 2023, and it appears that crypto and emerging technology are at the top of the list.
The SEC plans to increase its scrutiny of these sectors to protect investors and ensure that companies are complying with securities laws. This is good news for those who have been concerned about the lack of regulation in the crypto space.
What is the Mission of SEC?
The Division of Examinations (DOE) is a key part of the U.S. Securities and Exchange Commission’s mission is to protect investors. With markets expanding, technologies advancing, and new risks emerging, the DOE is committed to ensuring that investors have access to accurate and reliable information.
Through rigorous examinations and investigations, the DOE will work to ensure that registered entities comply with applicable laws and regulations. This includes detecting fraudulent activities as well as identifying areas where firms need to improve their controls or procedures. By performing such examinations, the DOE will help maintain market integrity and promote fairness for all investors.
Ultimately, the mission of the Division of Examinations is clear: protect investors from harm by ensuring that firms are compliant with applicable laws and regulations, providing individuals with necessary information about responsible investing practices, and encouraging them to make sound investment decisions. In this ever-changing landscape of markets and technologies, the DOE remains dedicated to providing the highest quality of services for investors across the country.