The SEC possesses which types of powers?

The Securities and Exchange Commission (SEC) has quasi-legislative and quasi-judicial powers, which allows it to create rules and regulations for the securities industry as well as to enforce compliance with those rules. The quasi-legislative power enables the SEC to develop regulations that govern the behavior of entities in the securities market, ensuring transparency and fairness. These regulations can take the form of formal rules or interpret past statutes and legal guidelines into clearer frameworks that govern market practices.

On the quasi-judicial side, the SEC can conduct hearings and make determinations regarding violations of securities laws. This includes the ability to impose sanctions, operate administrative proceedings, and adjudicate disputes related to its regulatory authority. The combination of these powers allows the SEC to effectively regulate and enforce compliance in the securities market, aiming to protect investors and maintain fair markets.