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:

Limited Partner

An investor in a partnership who has limited liability to the extent of their investment and does not participate in day-to-day management.

General Partner

refers to a member of a partnership who has unlimited liability and is active in the management of the partnership.

Certificate

An official document attesting to a certain fact, such as the completion of an educational course or the ownership of a financial security.