So, you'd have a whole bunch of people selling securities down there and they could vacate quickly if the authorities challenged you.

接下来,你雇了一群人,在这间地下室里帮你出售证券,如果政府想要发难,他们可以快速撤离

耶鲁公开课 - 金融市场课程节选

The Securities and Exchange Commission is the principal government regulator for securities.

证券交易委员会是,政府对证券的主要监管机构。

耶鲁公开课 - 金融市场课程节选