Which of the Following Statements Regarding the SEC Is Not

question 80

Multiple Choice

Which of the following statements regarding the SEC is not true?

• A)The SEC is an independent,quasi-judicial agency of the U.S.government
• B)The SEC has the power to disapprove securities for lack of merit
• C)The SEC has nine regional offices and approximately 200 examiners
• D)The SEC administers all U.S.securities laws

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Definitions:

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Directors

Directors are individuals elected by the shareholders of a corporation to oversee and direct the corporation's affairs and make significant business decisions.

Shareholder's Right

The entitlements and privileges, such as voting and profit sharing, accorded to individuals or entities owning shares in a corporation.

Dissent

The act of expressing or holding opinions that are at variance with those previously, commonly, or officially expressed.