According to the Securities and Exchange Commission, the SEC “has five Commissioners who are appointed by the President of the United States with the advice and consent of the Senate. Their terms last five years and are staggered so that one Commissioner’s term ends on June 5 of each year. To ensure that the Commission remains non-partisan, no more than three Commissioners may belong to the same political party. The President also designates one of the Commissioners as Chairman, the SEC’s top Executive.” “The SEC’s foundation was laid in an era that was ripe for reform. Before the Great Crash of 1929, there was little support for federal regulation of the securities markets. This was particularly true during the post-World War I surge of securities activity Proposals that the federal government require financial disclosure and prevent the fraudulent sale of stock were never seriously pursued. Tempted by promises of rags to riches’ transformations and easy credit, most investors gave little thought to the dangers inherent in uncontrolled market operation. During the 1920s, approximately 20 million large and small shareholders took advantage of post-war prosperity and set out to make their fortunes in the stock market. It is estimated that of the $50 billion in new securities offered during this period, half became worthless. “When the stock market crashed in October 1929, the fortunes of countless investors were lost. Banks also lost great sums of money in the Crash because they had invested everything. “With the Crash and ensuing depression, public confidence in the markets plummeted. There was a consensus that for the economy to recover, the public’s faith in the capital markets needed to be restored. Congress held hearings to identify the problems and search for solutions. Based on the findings in these hearings, Congress passed the Securities Act of 1933 and the Securities Exchange Act of 1934. These laws were designed to restore investor confidence in our capital markets by providing more structure and government oversight.” –Www.sec.gov But investigative accountants and legal researchers contend that, knowing the history of the Federal Reserve, the manner in which it came into power, and the manner in which it maintains its power, the SEC (and Federal Trade Commission FTC]) is in place to protect the monopolistic control of the Fed. And when you consider the fragility of a system protected only by limited knowledge, useful ignorance is an essential element. “According to the DTC, under the US Security and Exchange Commission (SEC) rules, you only have the right to receive proceeds or other advantages as the beneficiary. You are not the owner… you are the consignee. ‘One who has deposited with a third person an article of property for the benefit of a creditor- A Dictionary of Law, 1893. In legal terms, you are considered the heir presumptive or heir at law to the stock or bond you signed. “Most people don’t realize that when they open a brokerage account, they have entered into a contractual agreement allowing the broker to assign the stocks and bonds to an undisclosed creditor, the DTC. … This gives the broker your express written permission to place all your securities into the ownership of the DTC. Your broker is an agent for the DTC through mandatory Securities and Exchange Commission regulations and mandates by the Federal Reserve System private bank. Your broker represents them, not you. Your brokerage account is nothing more than a ledger of accounting. It reflects, no assets held in your name. The assets are registered in a ‘street name that is not you or your name. Sure… you receive the interest and dividends, but you do so as a beneficiary to the real owner. Your brokerage account in no way, shape, or manner reflects who literally owns your securities. What you own is a brokerage account and nothing more “A greater consideration is just exactly who does the DTC hold these securities for? As the owner, who has the DTC pledged these securities to? Our research points to the Federal Reserve System, an international private banking cartel with major offices found in Moscow. London, Tokyo, and Peking. By treaty with the United Nations and in compliance with the Bretton Woods Agreement, the DTC under regulation of the Federal Reserve System has pledged all those stocks and bonds to the International Monetary Fund (IMF). These are the same paper securities found in your IRA and pension fund accounts, as well as in your brokerage account. Remember, you don’t own the securities. The SEC is made up of 4 Divisions and 18 Offices. Its staff is comprised of approximately 3.100 members, which it considers to be “small by federal agency standards.” It has 11 regional and district Offices throughout the U.S. and is headquartered in Washington D.C. It has several regional offices strategically located throughout the states. So, what you are looking at any moment is your ability to derive benefit from the securities you possess at this stage of the game. Once your bond has been issued, and is a lawful commercial document of value, it must eventually be deposited with the DTC, and therefore be subject to SEC oversight, if you intend to have it monetized. If your security is a public one, it will have to be certificated by the SEC who must first recognize you as a qualified entity, which means you must be sufficiently controllable by the SEC. The SEC offers the necessary applications at its web site in order to become qualified, The most flexible manner of qualification is obtained as a trust indenture under the Trust Indenture Act of 1939, by registering with the SEC as such pursuant to Sections 305 or 307 of the Act. This registration may play a role in your application with the DTC as well. The SEC regulates participants via the process of rulemaking. Other than broad legislation such as the Securities Act of 1933, etc., the SEC has the authorization to make all rules by altering existing regulations or creating new ones. This is done in the following manner: 1) Rule proposal — the most common form of rulemaking where the SEC’s staff drafts a detailed formal rule and presents it to the commission. After this, it is presented to the public for 30-60 days for review/comment. This input is considered as the final rule is adopte; 2) Concept release — when the issue is so unique complicated as to warrant bypassing a rule proposal, the SEC solicits public input regarding the SEC’s concerns and approaches to solving the issue. This feedback is taken into consideration as the final decision is made; and 3) Rule adoption — the final step is that the SEC’s staff will present a final rule to the commission for its consideration, which if adopted becomes an official rule for the securities industry. If major, the rule may be subject to congressional review or veto prior to adoption Violations of these rules are investigated privately by the SEC Division of Enforcement.