The SEC is governed by five commissioners who are appointed by the President of the United States for five-year terms.

Question

Quizplus · Accepted Answer

The U.S. Securities and Exchange Commission (SEC) is indeed governed by five commissioners. These commissioners are appointed by the President of the United States and confirmed by the Senate, each serving staggered five-year terms. This structure is designed to ensure that no more than three commissioners belong to the same political party, promoting nonpartisan regulation of the securities markets.

The SEC Is Governed by Five Commissioners Who Are Appointed