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Which of the Following Statements Is True

Question 17

Multiple Choice

Which of the following statements is true?


A) The Securities Exchange Act of 1934 requires periodic disclosures from issuers of securities.
B) The 1933 Act regulates the sale of securities while they are passing from the hands of the issuer into the hands of the private investors.
C) The Securities and Exchange Commission (SEC) was created by the 1933 Act.
D) Unlike other federal administrative agencies,the SEC has only legislative functions.

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