Capital MarketsQuestion 350 of 398
Which of the following is the primary role of the Securities and Exchange Commission (SEC)?
a.To insure bank deposits
b.To set interest rates and control the money supply
c.To act as a self-regulatory organization for broker-dealers
d.To enforce federal securities laws and oversee the securities markets and industry participants
Explanation
The SEC is the primary federal regulator charged with enforcing the federal securities laws and overseeing the securities markets, exchanges, and industry participants. It has authority over SROs like FINRA and reviews registration statements for public offerings.
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