Market Authorities
Market authorities are organizations or government bodies responsible for regulating and overseeing market activities. Their main goal is to ensure fair competition, protect consumers, and maintain market integrity. They set rules and guidelines that businesses must follow, helping to prevent fraud and monopolistic practices.
These authorities often monitor various sectors, such as finance, telecommunications, and energy, to ensure compliance with laws. Examples of market authorities include the Securities and Exchange Commission (SEC) in the United States and the European Securities and Markets Authority (ESMA) in Europe. They play a crucial role in fostering a stable economic environment.