SEC (Securities and Exchange Commission) . . .
is the government agency that administers the 33 Act
and other federal securities laws. It reviews public offering
documents and promulgates rules and regulations interpreting the
federal securities acts and establishing safe harbors from the
registration requirements of the 33 Act. See:
Going
Public, IPOs
(Initial Public Offerings),
Private
Placements, Reg D,
Restricted
Securities, Safe Harbors,
10b5,
33 Act.