Securities & Exchange Commission Hires Proxy Personnel to Provide Reader Services
SEC awards Proxy Personnel a $1 million contract.
The Securities & Exchange Commission (SEC) awarded Proxy Personnel an approximately $1 million contract to provide reader services for their blind and visually impaired attorneys across the nation. To fulfill these reader services, Proxy Personnel will staff a group of professionals who have a legal or economics background. Legal Proxy, a division of Proxy Personnel, will oversee the recruiting, staffing, and management of this contract.
The readers will read a large volume of documents aloud to the attorneys for sustained periods of time. They will also assist the attorneys in summarizing and identifying key issues in documents that use legal, economic and financial terminology.
The SEC was established by the United States Congress in 1934 as an independent, quasi-judicial regulatory agency during the Great Depression that followed the Crash of 1929. The main reason for the creation of the SEC was to regulate the stock market and prevent corporate abuses relating to the offering and sale of securities and corporate reporting. The SEC was given the power to license and regulate stock exchanges, the companies whose securities traded on them, and the brokers and dealers who conducted the trading.
Currently, the SEC is responsible for administering seven major laws that govern the securities industry. They are: the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002 and most recently, the Credit Rating Agency Reform Act of 2006.
