In the Securities and Exchange Commission,the president cannot remove commissioners during their terms of office.

Question

Quizplus · Accepted Answer

According to the Securities and Exchange Act of 1934, the president cannot remove SEC commissioners during their terms of office except for specific reasons such as misconduct, neglect of duty, or incapacity. This is to ensure their independence and impartiality in regulating the securities markets.

In the Securities and Exchange Commission,the President Cannot Remove Commissioners