An Empirical Investigation of Street Registration for Banking‪.‬

INTRODUCTION The Securities and Exchange Commission ("SEC") is an independent, quasi-judicial regulatory agency with responsibility for administering federal securities laws. (Moyer, McGuigan, & Kretlow, 1992); ("The Work of the SEC," June 1997). Its mission is to administer federal securities laws and protect investors by issuing rules and regulations and ensuring the securities markets are fair and honest. (Moyer, McGuigan, & Kretlow, 1992); ("The Work of the SEC," June 1997). To accomplish its mission, the SEC promotes adequate and effective disclosure of information to the investing public. (Moyer, McGuigan, & Kretlow, 1992); ("The Work of the SEC," June 1997). The SEC was established in 1934 by the creation of "The Securities Exchange Act of 1934." (Moyer, McGuigan, & Kretlow, 1992); ("The Work of the SEC," June 1997).