Fact Pattern 14-1 Constance Is a CEO of a Publicly Traded Company.She Has

Fact pattern 14-1
Constance is a CEO of a publicly traded company.She has a meeting with the board of directors regarding raises for officers.Constance tells the board that the Securities and Exchange Commission has no power to regulate executive compensation and that the agency cannot require disclosure to shareholders.She tells the directors that the officers are entitled to large raises and that the raises can be kept entirely confidential.
-Refer to fact pattern 14-1.Which of the following is true regarding the statement by Constance that the Securities and Exchange Commission has no power to require disclosure of executive compensation to shareholders?

A) She is incorrect,and the Securities and Exchange Commission has the power to require disclosure of executive compensation matters.
B) She is incorrect,but the Securities and Exchange Commission only has the power to regulate disclosure of executive compensation in excess of 1 million dollars.
C) She is incorrect,but the Securities and Exchange Commission only has the power to regulate disclosure of executive compensation in excess of 2 million dollars.
D) She is correct.