The Pennsylvania Securities Commission protects investors and works towards capital formation throughout Pennsylvania. The commission administers and enforces rules complying to the state laws. It protects the citizens of Pennsylvania from unfair practices related to offers, sales and purchases of securities. The Pennsylvania Securities Commission maintains a licensing division that reviews applications filed by various brokers and dealers, securities representatives and investment advisers. Its corporation finance division reviews securities offerings filed with the commission. The commission s securities law and policy division develops, drafts and recommends legislative, regulatory and policy initiatives. The Pennsylvania Securities Commission maintains a location in Harrisburg, Pa.