Andrew Flint is the CEO of a small,publicly held company based in Idaho Falls,Idaho.Flint earned $76,000 last year as CEO.Investors in Flint's firm are earning nearly 15 percent on their shares.Flint has learned that the SEC is considering a proposed rule mandating salary studies for all publicly held firms.Flint has priced such studies and has estimates ranging from $27,000 to $40,000.Flint would like the SEC to understand his firm's position.Which of the following statements is true?
A) Flint will need to hire a lawyer to present evidence to the SEC.
B) Flint can challenge the rule only after promulgation.
C) Flint's challenge must be made in court.
D) Flint can simply write to the SEC to voice his concerns.
Correct Answer:
Verified
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