The Securities Exchange Commission is an administrative agency.The chief purpose of such agencies is to

Question

Quizplus · Accepted Answer

Administrative agencies such as the SEC perform specific government functions, such as regulation and enforcement in their particular areas of focus. Their purpose is to supplement and implement laws passed by Congress, rather than impose uniform laws on the states or standardize laws for the executive and judicial branches. Additionally, while they may communicate with federal and state governments, acting as liaisons is not their chief purpose.

The Securities Exchange Commission Is an Administrative Agency