JadalizMartinez
Answered

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Smith invests in stocks and securities. Which is the highest regulating body in the country, which acts as an “advocate” for investors like Smith?

A. Financial Industries Regulating Association
B. Securities and Exchange Commission
C. American Institute of Certified Public Accountants
D. Government Accounting Standards Board
E. State Board for Accountancy

Sagot :

sebastiansierraocm

Answer:

B. Securities and Exchange Commission

Explanation:

The Securities and Exchange Commission is the government agency that oversees and regulates the financial market for securities: bonds and stocks.

The SEC also regulates the financial information that public companies (companies that trade stock in the open market) present to the public, by demanding the publishing of financial statements every 3 months.

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