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Which of the following is not true about registering securities with the SEC?
Constitutional Source
The origin or basis of a legal principle found within a constitution.
Cooperative Federalism
An approach to federalism where national, local, and state governments work collaboratively and jointly to address mutual issues, instead of formulating policies independently.
Concurrent Powers
Powers that are shared by both the federal and state governments in the United States, allowing both to legislate on the same issues.
States' Rights
The rights and powers held by individual U.S. states rather than by the federal government, derived from the Tenth Amendment to the Constitution.
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