Question

1. The SEC was established in 1934 to help regulate the United States securities market. Which of the follow ing statements is true concerning the SEC? The SEC prohibits the sale of speculative securities. b. a. Registration with the SEC guarantees the accuracy of the registrant's prospectus The SEC's initial influence and authority has diminished in recent years as stock exchanges have come more organized and better able to police themselves. d. c. The SEC regulates only securities offered for public sale. 2. Which of the following acts gives the SEC rity, and prevent brokers and dealers from working in the securities market'? the ultimate power to suspend trading in a security, delist a secu- Securities Investors Protection Act of 1934 Securities Act of 1934 a. b. Securities Exchange Act of 1934 d. Investment Company Act of 1940 c. Il other criteria regarding the issuing organization and its "security" are met, which one of the following is not a "security" under the jurisdiction of the SEC? A trust certificate a. A municipal bond An oil drilling venture participation unit d. b. c. A limited partnership share hich of the SEC's organizational units-divisions and principal offi ments, annual reports, and proxy statements filed with the commission? 4. W ces-reviews the registration state - Office of the Chief Accountant a. Division of Corporation Finance Division of Enforcement b. c. d. Division of the Comptroller

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Answer 1

The main agency that regulates the securities market is the Securities And Exchange Commission.

Congress created SEC(SECURITY EXCHANGE ACT) in 1934 to regulate:

-Companies offering securities for sale to the public.The risk involved in those companies securities.

-Those who sell securities – brokers, dealers, and exchanges.

The main aim was to protect investors and maintain fair market.

SEC regulates only securities offered for public sale.

1. Answer D

2. Answer C