The Securities and Exchange Commission (SEC) is a regulatory body responsible for regulating securities. The SEC is one of two major financial regulatory bodies in the United States, along with the Commodity Futures Trading Commission. Some responsibilities of the SEC include regulating who is able to issue securities, what mandatory disclosures public companies must make, and other rules governing the structure of securities that are issued. The SEC is run by a Chair along with four other commissioners. The party that controls the Presidency gets three members on the Commission, and the other party gets two.