U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

SEC Organization and Management

Organization of the SEC

The SEC consists of five presidentially-appointed Commissioners, four Divisions and 18 Offices. With approximately 3,100 staff, the SEC is small by federal agency standards. Headquartered in Washington, DC, the SEC has 11 regional and district Offices throughout the country.

The Commissioners

The Securities and Exchange Commission has five Commissioners who are appointed by the President of the United States with the advice and consent of the Senate. Their terms last five years and are staggered so that one Commissioner's term ends on June 5 of each year. To ensure that the Commission remains non-partisan, no more than three Commissioners may belong to the same political party. The President also designates one of the Commissioners as Chairman, the SEC's top executive.

The Commissioners meet to discuss and resolve a variety of issues the staff brings to their attention. At these meetings the Commissioners:

  • interpret federal securities laws;
  • amend existing rules;
  • propose new rules to address changing market conditions; and/or
  • enforce rules and laws.

These meetings are open to the public and the news media unless the discussion pertains to confidential subjects, such as whether to begin an enforcement investigation.

SEC Divisions and Offices

SEC's Budget



Modified: 10/12/2006