The Securities Exchange Commission Is an Administrative Agency

question 29

Multiple Choice

The Securities Exchange Commission is an administrative agency.The chief purpose of such agencies is to

• A)act as liaisons between federal and state governments.
• B)impose uniform laws on the states.
• C)perform specific government functions.
• D)standardize laws for the executive and judicial branches.

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Definitions:

Unauthorized Signature

A signature that is made without the explicit permission of the person purportedly signing or the authority to sign on behalf of an entity.

Shelter Rule

A legal principle that allows a person who acquired rights in good faith to be sheltered or protected by the rights of the prior holder.

Impostor

A person who deceives others by pretending to be someone else.

Employer's Indorsement

A statement or annotation made by an employer on a document or instrument, often relating to the verification of employment or the endorsement of employee capabilities.