The_Info_Web/20 - ORGANIZATIONS/GOVERNMENT/USA/Securities and Exchange Commission.md

tags	category	summary	start	location
Organization Government USA	U.S. Government	The Securities and Exchange Commission (SEC) is a U.S. government agency responsible for regulating the securities markets and protecting investors.[^1]	1934	Washington, D.C.

The Securities and Exchange Commission (SEC) is a U.S. government agency responsible for regulating the securities markets and protecting investors.¹

Involvement in BCCI Scandal

The SEC filed suit against Bank of Credit and Commerce International, Agha Hasan Abedi, Bert Lance, and others in connection with the purchase of Financial General Bankshares stock.¹ The nominees used by BCCI to secretly acquire Financial General Bankshares were summarily sued by the SEC for failing to declare that they were acting as a group.²

Footnotes

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1. Beaty, Jonathan and Gwynne, S. C. The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. New York: Random House, 1993, p. 12. ↩︎

2. Beaty, Jonathan and Gwynne, S. C. The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. New York: Random House, 1993, p. 183. ↩︎