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Securities and Exchange Commission was established in 1979. This is the apex regulatory supervisory body of capital market.
Functions of the Securities and Exchange Commission
1. Securities exchange commission is the regulatory body that registers all securities
2. Securities exchange commission ensures proper growth and development of the capital market.
3. Securities exchange commission determines the number of securities companies are to offer for subscription.
4. Securities exchange commission ensures a proper standard in professional conduct in the securities business.
5. Securities exchange commission maintains surveillance over the securities market to have fair and equitable dealing in the market.
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