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Questions and Answers
What is the primary objective of the Securities and Exchange Commission (SEC)?
What is the primary objective of the Securities and Exchange Commission (SEC)?
- To approve the amount of securities to be sold
- To determine the price and time companies’ securities are to be sold
- To promote an orderly and active capital market (correct)
- To register all securities dealers, investment advisers and market places
What was the SEC formerly called?
What was the SEC formerly called?
- Capital Securities Commission (CSC)
- Capital Regulatory Authority (CRA)
- Capital Market Commission (CMC)
- Capital Issues Commission (CIC) (correct)
What is one of the major functions of the SEC?
What is one of the major functions of the SEC?
- To determine the price and time companies’ securities are to be sold
- To promote professionalism in the securities business (correct)
- To approve the amount of securities to be sold
- To register all securities dealers, investment advisers and market places
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