Week 8 Xacc/280 Regulatory Bodies

Regulatory Bodies | January 17
Jessica PfaffX | XACC/280 |

The financial industry has many major regulatory bodies; I have found there to be about nine. The first is Federal Deposit Insurance Corporation or FDIC for short. FDIC is responsible for the insurance of all major bank deposits. The FDIC is also responsible for approving any bank mergers and audits. Second is the Federal Reserve System, they call it FED for short. Fed is pretty much the manager of the money supply to banks and handles some of the banking regulations in the financial system. The third I found was the Securities and Exchange Commission, or SEC. The SEC is responsible for the stock market. They regulate the buying and selling of securities. The fourth is the Interstate Commerce Commission, or ICC. The ICC handles all commerce that crosses any state line. The fifth is Occupational Safety and Health Administration, or OSHA. They handle the workplace safety and all safety standards. The employers all must follow the guidelines that OSHA develop and has made necessary to ensure a safe working place for all employs. The sixth is the Federal Trade Commission, or FTC. The FTC protects all consumers from things such as false advertisements and make sure that all marketing tactics by large corporations are not deceitful. The FTC also helps keep the consumer from getting stuck in financial traps. The seventh is the National Relations Labor Board, or NLRB. The NLRB helps maintain the relationships between unions and employers. They monitor the relationships to help stop and to prevent corrupt businesses and practices. The eighth is the Consumer Product Safety Commission, or CPCS. Their job is to go out and ensure employers are meeting and obeying all of ASHA guidelines. The last one is Equal Employment Opportunity Commission, or EEOC. Their job is to monitor employers and see how they handle the hiring of their employees. The EEOC is there to protect people of all races, genders, sexual...