The SEC is concerned with regulating issues and trading of securities alone and cannot regulate the activities of securities brokers and advisors.

Question

Quizplus · Accepted Answer

This statement is false. The SEC has the authority to regulate the activities of securities brokers and advisors through various securities laws and regulations such as the Investment Advisers Act of 1940 and the Securities Exchange Act of 1934.

The SEC Is Concerned with Regulating Issues and Trading of Securities