Edward Jones: Confronting Success in 2006

1. The SEC is often called the “watchdog” of corporate America. How does it assist in preventing fraud?

The US Securities and Exchange Commission (SEC) is the US federal agency that holds the primary mandate to enforce federal securities laws and regulations to control the securities industry and the country’s stock exchange and regulation of all activities and organizations including the US electronic securities market. The SEC is committed to promoting a market environment that yields public trust characterized by integrity to attain its mission of protecting investors through maintenance of fair and efficient markets through facilitation of capital information (Basagne, 2010). The SEC financing is a major area of focus since there has been major concern regarding the SEC agency financing and whether they utilize the

The Securities and Exchange Commission has the mission of protecting investors by maintaining fair, orderly and efficient markets. The SEC does this in a number of ways, and firms need to pay attention to these ways in order to ensure SEC compliance. The SEC has enforcement authority over a number of areas related to the nation's capital markets, including insider trading, accounting fraud, and providing false information. The SEC's jurisdiction extends to all securities that are traded publicly. Privately-held companies do not need to register with the SEC (SEC.gov, 2012).

The first national regulatory efforts in the late 1800s were intended at punishment for, and the prevention of, abuses in the marketplace, antitrust violations, and price gouging. During the 20th century, government regulation became even more extensive, focusing not only on preventing certain kinds of practices, but also requiring that certain in service standards can and should be met. And the past 50 years, more than a dozen new regulatory agencies have been shaped at the national and state government levels, following the route of new regulatory statutes. Regulatory measures contact virtually every part of our lives.

Executive Summary of “Value and Momentum Everywhere”, C. Asness, T. Moskowitz and L.H. Pedersen, The Journal of Finance, 2013

These financial institutions are seeking out people to assist them with requirements such as: Sarbanes-Oxley, Dodd-Frank, and continued regulatory pressure. Banks have learned the downside to overconfident and neglectful management of important aspects of financial activity (Melwani, 2015).

In "The Store" by Edward P. Jones, the narrator seems to be an irresponsible, immature, and lazy at first. At the beginning, not even once he bothered thinking about the future. All he cared for was the cigarettes and the beers. He called them "valuables". Since he was living with his mom, he did not have to worry about the shelter and the food. Therefore, he did not bother to look for the new job. His mom did not seem to care about him fooling around jobless as well. Because of that, he did not care when his brother told him to look for a new job. Altogether, he was a waste at the beginning. However, Mr. Jones gave the strong clue about his future success by showing his strong work ethic when he said "Never late, never talked back and always volunteering" (142). With that in mind, there were some incidents as the story progressed, positive and negative that helped him to realize about his future.

Edward Jones provides financial services for individual investors in the United States and through its affiliate in Canada. Every part of the firm 's business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. Edward Jones practices job enrichment which means giving employees higher level of responsibility and skill. It is very family orientated. They help employees with their careers and that understands not all careers and built the same. They have a purpose and a mission everyone must abide by.

ABSTRACT There are many analyses of the economic effects that regulations, in general, and Sarbanes-Oxley Act, in particular, have had on American business. This analysis looks at the effect that the Sarbanes-Oxley Act has had on the American banking industry. The return on assets and return on equity were obtained from the Federal Reserve Bank for all SEC-registered and nonregistered banks for the period 2000

Discuss the challenges related to regulating a complex global financial firm and make suggestions for regulatory improvements.

The regulatory reform process is currently moving from policymaking to the implementation phase. The implications of regulatory reform for banks has never been greater, and the ability to navigate the new environment will require strong processes that integrate regulatory compliance and changes to the business model. Planning has never been more important as reaction to each regulation could be very costly.

The investment banks, and subsequent stock brokerage firms, was regulated by the Security and Exchange Commission. The banking entities, in this portion of the financial sector, were used to dealing in high risk business that were structured on the business’ equity and debt capital, instead of the commercial banks’ deposits of customers. The activities in this sector of the financial system were underwriting stocks and bonds, insurance markets, the investments in subprime debt markets and mortgages.

Morgan Stanley has earned a worldwide reputation for excellence in financial advice and market execution. Today, Morgan Stanley is employing over 51,000 members in about 27 countries connect people, ideas and capital to help their clients reach their financial needs and future goals. (http://www.morganstanley.com). Ever since the year 1997, Morgan Stanley has joined forces with two respected organizations. Morgan Stanley, which was established in New York in 1935 combined with Dean Witter, which was as big and well-known as Morgan Stanley. Dean Witter was established in 1924 in San Francisco. Due to the fact that they have become more powerful by combining each other’s advantages in the

They have a global structure to ensure satisfaction with strategic and financing needs of clients around the world. In the institutional client services segment they facilitate client transactions and make markets in fixed income, equity, currency and commodity products—primarily with institutional clients (GS). In addition to this they make markets and clear client transactions on major stock options and futures exchanges worldwide, provide financing, securities lending and prime brokerage services (GS). Although revenues from these activities are decreasing it is still by far the greatest source of their revenue (GS).

Financial regulation is necessary and without an efficient set of regulations a country could see rises in unemployment, interest rates, and the deterioration of financial intermediaries. With the globalization of the financial industry, it becomes more and more common for businesses to seek financing outside of their county 's boarders. These innovations in the financial industry stress why it is so important for regulations to be created and changed to reduce risk and asymmetric information in financial systems.