Federal Deposit Insurance Corporation FDIC was created in 1933 and it insures deposits in banks and thrift institutions. FDIC increased the confidence of the citizens who have their money invested in banks and thrift institutions.
Securities and Exchange commission was formed in 1934 to regulate securities market. It is a federal government agency that is responsible for protecting investors ensuring the fairness of securities market. SEC gives confidence to investors by protecting them from manipulative practices in the market.
Social Security Administration is an independent federal government agency that offers social security to citizens. Social security is a social insurance program that includes retirement, disability and survivor’s benefits.
