Yes, the Securities and Exchange Commission (SEC) still exists and continues to play a crucial role in regulating the securities industry in the United States. Established in 1934, the SEC was created to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
The SEC oversees securities exchanges, securities brokers and dealers, investment advisors, and mutual funds. Its responsibilities also include enforcing federal securities laws, requiring disclosure of important financial information, and ensuring compliance with regulations designed to prevent fraud and market manipulation.
In recent years, the SEC has adapted to changes in the market, including the rise of digital assets and cryptocurrencies, making sure it remains relevant in the evolving financial landscape. Thus, the SEC not only still exists but actively participates in shaping the regulatory framework for securities to protect investors and maintain market integrity.