In discussing the Securities and Exchange Commission (SEC) , the text makes all of the following statements except
A) the SEC was created to protect investors against stock market fraud.
B) the SEC was created during the 1930s.
C) many SEC officials work for Wall Street before or after working for the SEC.
D) the SEC alerted the public to Bernie Madoff's fraudulent schemes as soon as the SEC was tipped off about them.
E) the SEC believes that preserving confidence in the stock market is essential, even if that confidence may be misguided.
Correct Answer:
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