As such the size of the US, and the size of the regulation (and complexity) matches it.

In the USA, regulations are made by both federal and state governments. Within the federal and state governments, there are a number of different regulatory bodies with varying oversight and responsibilities.

One of the main bodies is the Federal Reserve Board (fed) which almost everyone will have heard of (whether it’s been through the news, social media or even the wolf of Wall Street). The Fed has the most influence over the US economy, being able to influence liquidity, interest rates and general market health. The Fed is the body that oversees the commercial banks in the USA.

The next one that most people will have heard of is the Securities Exchange Commission (SEC), the SEC is a separate body from the US Government and one of the most powerful agencies when it comes to market regulation in the US, overseeing the Stock Exchange and other important markets. It is comprised of 6 different divisions spread across 24 locations however they are unable to bring criminal charges against the public, instead working closely with law enforcement agencies to provide evidence and testimonies to prosecute those found to be breaking the rules.

The other notable bodies are:

1. Office of the comptroller of the currency
2. Federal Deposit Insurance Commission
3. Commodity Trading Futures Commission
4. Financial Industry regulatory authority
5. State Bank regulators