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Is Security and Financial Regulations Necessary?

A functional security and financial market is a necessity for every economy; otherwise, the economy is at risk of being paralyzed. This market must be regulated by the government for smooth running. The regulations of the market is necessary as it will stabilize the economy. Other functions why these regulations are essential is because they ensure that citizens are protected, there is the confidence of the market, and the financial crimes have drastically reduced.

For a long time the government has played a critical role in the regulation of the security and financial market in the economy. This is an essential market that almost everybody in the country depend on, and thus it will require some regulations. For instance, people save their money on financial institution; it is therefore necessary for the government to control these institutions. Beside the government, people in the private sector like Chris Brummer has been struggling to ensure that the security and financial market is regulated.

in support of the regulation of the security and the financial market, the US government has established several regulatory bodies. These agencies include the Federal Reserve Board, Security and Exchange Commission. The agencies are mandated to ensure that the financial and security institutions are strictly abiding by the set regulations. When a company does not follow the regulation, there is no doubt that it will be faced by the enforcement proceeding. Consequently, the investors and customers will have a sense of safety.

The security and financial regulation has many benefits. Customers will be the first beneficiaries; they are going to be protected from the credit card, mortgages, and other products frauds. Also the investors will be shielded from the unscrupulous activities that may occur in the security and financial market. The results is that the investors cannot lose their money. The regulation will also protect the customers as the companies are not allowed to too much risking of the customers money. The government will ensure that monopolies are offering standard services and services.

Every citizen should have basic information about financial and security regulation; these were the recommendation from Chris Brummer. Chris Brummer further urged people to start by understand finance at individual levels. When you understand your finance, it will be easy to make an informed decision. When you are taking debt, you will also need the knowledge of the financial and security regulations. You will know the right interest and when you will settle the debts.

As you read, it is clear that regulation of the security and financial market is critical. For the benefit of the customers and investors, the government and financial expert must review the regulations to strengthen them.

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