Wells Fargo & Co Essay Example | Topics and Well Written Essays - 1000 words

Wells Fargo & Co - Essay Example security and Exchange Commission is a US government administrative agency that was created by the congress to get by and regard the securities markets and protect investors. It is designed to enhance full general disclosure and to protect the investing public from fraud and exploitative actions in the securities markets. The securities act of 1993 was established by the congress to achieve two fundamental goals to prohibit and prevent deceit and separate fraud in the sale of securities and to ensure that investors get and former(a) important information concerning securities being liberty chited for public sale. The act empowers the SEC with wide jurisdiction over altogether aspects of securities industry including registering, regulating, overseeing brokerage firms, transfer agents and clearing agents, well defined services offered by the Wells and Fargo Co.Moreover, or so of the acts of law governing the SEC include Trust Indenture Act of 19 40 that applies to debt securities such as bonds, debentures and notes that offer public sale and Investment Advisers Act of 1940 that regulates investment advisers. The act requires that firms or sole practitioners compensated for advising others some securities investments must register with SEC to conform to regulations protecting investors. Through this different laws and regulation, the SEC has managed to prevent and control high risk gambles in banking to boost the economy (Sullivan 2003).In Business Law, all contacts are agreements entirely all agreements are not contacts. An agreement to be enforceable by law must have got the essential elements of a valid contract. The following are essential elements of a valid contact stretch out and Acceptance In order to create a valid contract there must be a lawful offer by one party and lawful acceptance by the other party. This means that the offer must be accepted exactly as offered without conditions.Intention to create