Asked by jesse
Which statement explains a way how the Securities and Exchange Commission upholds fair business practices?
The SEC makes sure that banks follow federal laws.
The SEC tries to limit risk in the financial system.
The SEC generally oversees banking practices.
The SEC generally oversees financial advisers.
All Answers 1
Answered by
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The SEC generally oversees financial advisers.
Explanation: The Securities and Exchange Commission enforces securities laws, requires registration and disclosure for investment advisers, and pursues fraud and misconduct in the securities industry. Bank regulation and systemic risk oversight are primarily handled by other agencies (FDIC, OCC, Federal Reserve, FSOC).
Explanation: The Securities and Exchange Commission enforces securities laws, requires registration and disclosure for investment advisers, and pursues fraud and misconduct in the securities industry. Bank regulation and systemic risk oversight are primarily handled by other agencies (FDIC, OCC, Federal Reserve, FSOC).
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