Speech by SEC Chair Gary Gensler: “Competition and the Two SECs” Remarks Before the SIFMA Annual Meeting

1933 was an important year in SEC history.

No, I’m not referring to the passage of the first federal securities law.

I’m not actually referring to the Securities and Exchange Commission at all.

I mean the other SEC: you know, the Southeastern Conference.

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The Southeastern Conference was first formed in February 1933. That was a mere three months before Congress and President Franklin Delano Roosevelt enacted the Securities Act of 1933. About a year and a half later, they set up the slightly younger SEC — the one where I’m honored to work.

A Focus on Competition

What does the SEC have to do with the SEC?

Beyond our similar abbreviations and vintages, the two SECs share one big thing in common: a focus on competition.

Though it may seem less obvious than at the Southeastern Conference, competition is central to the Securities and Exchange Commission’s remit, too.

Source: Speech by SEC Chair Gary Gensler: “Competition and the Two SECs” Remarks Before the SIFMA Annual Meeting