Final answer:
Regulatory agencies are responsible for ensuring fair, efficient, and transparent markets. They establish and enforce rules and regulations to promote fair competition and protect consumers. Examples of regulatory agencies include the SEC, FCC, and FTC.
Step-by-step explanation:
The core objective of regulatory agencies is to ensure that markets are fair, efficient, and transparent. Regulatory agencies are government bodies that are responsible for creating and enforcing rules and regulations in various sectors of the economy, including finance, banking, and securities. They establish and enforce guidelines that promote fair competition, protect consumers, and maintain market integrity.
For example, in the United States, the Securities and Exchange Commission (SEC) is a regulatory agency that oversees the securities industry and ensures that investors have access to accurate and reliable information about investment products. The SEC also works to prevent fraudulent activities and market manipulation, thereby promoting fair and transparent markets.
Other notable regulatory agencies include the Federal Communications Commission (FCC), which regulates the telecommunications industry, and the Federal Trade Commission (FTC), which enforces consumer protection and antitrust laws.