When the SEC brought charges against Bernard Madoff and his CFO,it was exercising its power of
A) political favors.
B) legislative intervention.
C) indirect regulation.
D) lobbying.
E) direct regulation.

Question

Quizplus · Accepted Answer

The SEC's action in charging Madoff and his CFO falls under the category of direct regulation because it involves the agency directly enforcing existing laws and regulations.

When the SEC Brought Charges Against Bernard Madoff and His