What are the roles of stock exchange?
A stock exchange is an entity that is registered with the Securities & Exchange Commission (SEC) to provide the facilities for its members to trade securities. The exchange provides a meeting place and the necessary equipment and services for its members to meet for the specific purpose of buy and/or selling securities. The exchange has as one of its responsibilities, to monitor the activities of its members for strict compliance with, not only exchange rules, but with all the rules and regulations governing broker/dealers. All the members of the exchange also have their registrations with the SEC You can not trade on the stock exchange unless you are a member of the exchange, Many corporations, register with specific exchanges so that their stock can be traded by the exchange members. The exchange monitors such companies for compliance with respect to the filing financial reports and shareholder information.
