Which of the Following Powers Is Not Available to the SEC

question 2

Multiple Choice

Which of the following powers is not available to the SEC pursuant to the Remedies Act?

• A) The SEC may start administrative proceedings against any person or entity regulated by the SEC.
• B) The SEC may start administrative proceedings against any person or entity not regulated by the SEC.
• C) The SEC may order an accounting and disgorgement of ill-gotten gains.
• D) All of the above powers are available to the SEC under the Remedies Act.

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Definitions:

Necessary

Essential items or actions required for a specific purpose or to achieve a certain outcome.

Examination for Discovery

A pre-trial process in litigation where parties to a lawsuit are interrogated under oath by the opposing lawyer to discover facts relevant to the case.

Examination for Discovery

A legal proceeding in which a party to a lawsuit has the opportunity to question the opposing party or witness under oath before trial, to discover facts and gather evidence.

Court Action

A legal proceeding in which a plaintiff brings a lawsuit against a defendant in court, seeking a legal remedy.