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Identify the Correct Statement About the Securities and Exchange Commission

Question 33

Multiple Choice

Identify the correct statement about the Securities and Exchange Commission (SEC) .


A) SEC rules prohibit the dollar value of extra benefits from being disclosed to shareholders.
B) It is a limited regulatory commission with five members,one of whom serves as chairman,appointed by the governor for five years.
C) It now has a staff of 3,500 and an annual budget of approximately $900 million.
D) Under SEC rules,a company can reject a proposed resolution for any of 30 reasons.

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