The Securities and Exchange Commission, from the beginning, had it as its mission to make financial markets work properly; that is a wonderful story.

从成立那天起,证券交易委员会,就肩负着确保金融市场良好运作的使命,这是个利民的机构

耶鲁公开课 - 金融市场课程节选

There has been, over the years a lot of turf battles between the SEC and the CFTC because it's sometimes unclear whether something is a security or a futures.

历年来,证券交易委员会和期货交易委员会的领域战争层出不穷,因为有时候很难说,一个东西究竟是证券还是期货。

耶鲁公开课 - 金融市场课程节选

There was a hostile attitude between business and the original SEC.

早期的证券交易委员会与商界,势不两立

耶鲁公开课 - 金融市场课程节选