The Securities and Exchange Commission (SEC) is an independent agency of the United States federal government that is responsible for enforcing federal securities laws and regulating the securities industry. The SEC oversees Wall Street, which is the financial district of New York City. The SEC is responsible for ensuring that investors are protected from fraud and other illegal activities, as well as ensuring that companies comply with disclosure requirements. The Wall Street Overseer is a position within the SEC that is responsible for monitoring and enforcing regulations on Wall Street.