KHADEMIAN, Anne M <br/><br/>
The securities and exchange commission :  a small regulatory agency with a gargantuan challenge 

 - Malden, MA :  Blackwell Publishers,  sep./oct.2002 
<br/><br/> Multibillion–dollar accounting scandals have brought down Enron and WorldCom, while other corporations continue to revise and restate earnings. The gradual stock market tumble has played havoc with investment portfolios of retirees, parents saving for education, small business owners, and corporate America. All eyes are on the Securities and Exchange Commission (SEC), a small, independent regulator of the securities markets with a gargantuan challenge. On the one hand, it faces great public expectations for rigorous reform of Wall Street. Politicians have mandated rules and sanctions for cleaning up the practice of outside audits and for improving the veracity of financial disclosures. Yet the public's expectations for a vigorous market recovery are even greater. If sanctions and rules are too severe, though, reform efforts could slow capital accumulation. This special report examines the SEC's regulatory past in order to understand the task it faces today. Management challenges posed by recent legislation are discussed, and recommendations for strengthening the SEC are presented.