The SESC is within the Financial Services Agency (FSA). In December 2019, the SESC, whose mission is to protect investors and market integrity, inaugurated its 10th term under new leadership. Since its inception, the SESC has pursued criminal prosecutions against flawed and material market misconduct and has made recommendations for administrative monetary penalty payment orders and administrative actions for violations of securities laws. The SESC has also conducted oversight through exercising its authority over investigations and inspections in an effort to ensure the fairness and transparency of the markets and protection of investors.