U.s. Securities And Exchange Commission

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

Education is the foundation to secure an individual in having a better future and a successful career in life. Public education primarily falls upon the state and local government to take charge of, which get divided up into local school districts that are managed by school boards. School boards are “ an elected body corporate which manages delegated powers in regards to the deliver of education service within a defined territory (Duhaime’s Law Dictionary)”. Each state “has its own department of education and laws regulating finance, the hiring of school personnel, student attendance, and curriculum (Corsi-Bunker, Antonella).

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 Tenth Amendment of the United States Constitution declares that the states have the authority in handling educational standards (Boslaugh, 2015). Each state can come up with their own requirements and rules for their educational systems. For many years, this system seemed to work and showed good results. The United States had one of the best educational systems throughout the world.

The Sarbanes-Oxley Act of 2002 (SOX), also known as the Public Company Accounting Reform and Investor Protection Act and the Auditing Accountability and Responsibility Act, was signed into law on July 30, 2002, by President George W. Bush as a direct response to the corporate financial scandals of Enron, WorldCom, and Tyco International (Arens & Elders, 2006; King & Case, 2014;Rezaee & Crumbley, 2007). Fraudulent financial activities and substantial audit failures like those of Arthur Andersen and Ernst and Young had destroyed public trust and investor confidence in the accounting profession. The debilitating consequences of these perpetrators and their crimes summoned a massive effort by the government and the accounting profession to fight all forms of corruption through regulatory, legal, auditing, and accounting changes.

College is a head turner, eye catcher, and attention grabber. From making the decision to even attend to selecting the perfect school, the whole experience turns out to be incredibly stressful and multiple aspects go into what seems simple at first glance. The cost of attending college is on the rise. Parents and students anxiously await scholarship letters to help with these rising costs of education. State schools usually offer a financial advantage, but a new “law” is being proposed - free in-state college tuition to those students with a 3.5 GPA or higher. Few benefits are available and numerous disadvantages are present when it comes to this recently produced regulation. A few negative factors in this situation will be covered and the explanations will go into depth to prove that this idea is too good to be true. Even though the conception of free college is enticing, the cons outweigh the pros.

The Securities Exchange Act of 1934 was passed by congress to strengthen the government’s control of the financial markets. It was preceded by the Securities Exchange Act of 1933 which was enacted during the Great Depression in hopes that the stock market crash of 1929 would not be repeated. The basic difference between the two acts was that the 1933 Act was to govern the original sales of securities by requiring that the issuers, the companies offering the securities, offer up sufficient information about themselves and the securities so that the potential buyers could make informed decisions. The 1934 Act was

The IRS has a 529 Plans: Questions and Answers web page which lists common questions about the plans.

A 529 plan is a college savings vehicle, known as a qualified tuition plan, that allows you to save money for your child’s college education. By doing so, you get to have your money grow without paying taxes on it (no capital gains tax and no tax upon withdrawal).

There are many positive aspects of Section 529 college savings plans that are attractive to parents and grandparents. These plans are designed to encourage saving for college or post-graduate education of the younger generations. These plans let the family save for any eligible higher education institution in the United States. Qualified higher education expenses include tuition, fees, room and board, required books, supplies and equipment at an eligible institution.

The 529 Plan, which is named after a section in the Internal Revenue Code, is a qualified tuition plan that is operated by a state or educational institution. They offer tax benefits and other advantages. Nearly every state offers a 529 Plan and can be chosen based on preference of the features and benefits of each plan. There are two types of 529 Plans: College Savings Plans and Pre-Paid Tuition Plans. Savings Plans work much like a 401(k) where the funds can be saved in mutual fund accounts. Prepaid plans let you pre pay all or part of the college tuition. Since each state differs based on investment options households need to consider many factors, including the age of the beneficiary, their own risk tolerance, and their overall financial situation. Households may find some options more suited to their savings needs than others. Whatever option is chosen will be the best option well suited depending on the individual. The following pictures will show two different savings plans in two different states:

The Financial Accounting Standards Board has issued for public comment two Exposure Drafts related to its disclosure framework project. The first exposure draft proposes amendments to Statement of Financial Accounting Concepts - Conceptual Framework for Financial Reporting, Chapter 3 – Qualitative Characteristics of Useful Financial Information. The purpose of this proposed amendment is to clarify the concept of “materiality”. FASB defines materiality as, information is material if omitting it or misstating it could influence decisions that users make on the basis of the financial information of a specific reporting entity. In other words, materiality is an entity-specific aspect of relevance based on the nature or magnitude or both of the items to which the information relates in the context of an individual entity’s financial report. Consequently, the Board cannot specify a uniform quantitative threshold for materiality or predetermine what could be material in a particular situation.

Securities regulations began in 1933 as a reaction to securities market violations. Securities regulations are a balance of investor and issuer interests. Regulations have typically been enacted in reaction to a violation that affects many, including issuers, investors, and the public. These regulations are not only created in reaction to violations, but the legislature also attempts to take a bigger step in prevention of the same violation reoccurring, as well as preventing a violation that has yet to occur. In other words, securities regulations have always been on a mission to stay one step ahead of securities violations from both issuers and investors. Regulations tend to tighten the rules to ensure investors and issuers do not have

Currently the education system in the United States is funded mostly on a state and local level, who always borne over 90% of the public elementary and secondary education finances (need cite). The original Department of Education was developed in 1867 to collect information on schools and teaching that would help the States establish effective school systems (need cite). Fast forward over one hundred years to 1980, when Congress established the Department of Education as a Cabinet level agency, and note that education standards and improvement continue to be of great importance to the government. It is important to note that the state and federal government play separate roles in the education of students, whereas the federal government has the means to

What are the roles of federal and state government when it comes to American education? The roles of education have evolved from historic liabilities to current liabilities. There are many laws and cases that have had an impact on American education that still has a strong influence on education today such as the debate between church and state, racial desegregation, and education finances. Other impacts as relevant are testing standards and special education programs that have arisen from influences of federal concerns. The purpose of this paper is to examine the historical and current roles that the federal and state government has on education. Other factors to include are individual cases