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What would be the product,B,of the following reaction sequence?
SEC Responsibilities
The duties of the U.S. Securities and Exchange Commission, including regulating the securities industry, enforcing federal securities laws, and protecting investors.
SEC
The Securities and Exchange Commission, a U.S. federal agency that oversees and regulates the securities industry and enforces securities laws.
Howey Test
A test created by the Supreme Court to determine whether a transaction qualifies as an "investment contract" and is therefore subject to securities laws.
Security Exists
Indicates that a financial security, such as a stock or bond, is issued and available for trading or investment.
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