Briefly Describe the Role of the Securities and Exchange Commission

question 14

Essay

Briefly describe the role of the Securities and Exchange Commission (SEC)in bankruptcy reorganizations.

---

Definitions:

Sales Price

The selling price set for a service or product aimed at consumers.

Contingent Liabilities

Potential liabilities that may occur depending on the outcome of a future event or set of circumstances.

Damage Awards

Monetary compensation determined and ordered by a court for losses or injuries suffered as a result of unlawful actions or negligence by another party.

EPA Fine

A penalty imposed by the Environmental Protection Agency for violations of environmental laws or regulations.