Who’s protecting your money? Hopefully, all of these guys.

On the Money From the November 7, 2003 print edition It’s no secret that the financial community has been under great stress the last few years. The collapse of major corporations such as Enron, WorldCom and countless smaller firms ultimately flows directly to individual people. Many of us may ask, “How could this happen?” “Who is supposed to watch over all of this?” There are more than 500 government agencies (including both Federal and State levels) designed to regulate and protect financial activities. Here’s a glimpse at the top 8 Federal agencies charged with protecting our money. United States Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Phone: (202) 942-8088 The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets. This accomplished through registration requirements, disclosure of risk, and financial reporting guidelines. Board of Governors of The Federal Reserve System 20th and Constitution Ave., N.W. Washington, DC 20551 Phone: (202) 452-3000 The Federal Reserve’s duties fall...

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