The U.S. Securities and Exchange Commission is a law enforcer that protects investors from securities fraud and enforces securities laws. It also promotes healthy capital markets and contributes to America's economic well being. The agency maintains fair, orderly and efficient markets. The U.S. Securities and Exchange Commission regulates the sale of securities, as well as people and organizations involved in selling them. It also ensures the disclosure of financial information of public companies by its online electronic data gathering analysis and retrieval database. The agency is also involved in personal investor education. Founded in 1934, the U.S. Securities and Exchange Commission is overseen by five presidentially appointed commissioners.