The answer is the Invasion of China.
The invasion of the Philippines by Japan occurred in December 1941, after the attack on Pearl Harbor, and is not considered the beginning of World War II in Asia.
The invasion of China by Japan began with the Marco Polo Bridge Incident on July 7, 1937, which marked the start of the Second Sino-Japanese War. This conflict is widely regarded as the beginning of World War II in Asia.
The attack on Nanking, also known as the Nanking Massacre, occurred in December 1937, after the invasion of China had already begun. It was a significant event during the Second Sino-Japanese War but not the starting point of World War II in Asia.
The attack on Pearl Harbor took place on December 7, 1941, and led to the United States' entry into World War II. However, it was not the beginning of the war in Asia, which had started earlier with Japan's invasion of China.
For Question 2, the Securities and Exchange Commission (SEC) regulates the securities markets in the United States, overseeing activities such as the trading of stocks and bonds, and ensuring transparency and fairness in the financial markets.