Oversight of Financial Markets

What does "SEC" stand for?

• Southeastern Conference

• Securities and Energy Commission

• Stock Market and Exchange Commission

• Securities and Exchange Commission

Publicly Traded Companies are required to file financial statements and documents with which entity?

• FDIC - Federal Deposit Insurance Corporation

• FRS - Federal Reserve System

• SEC - Securities and Exchange Commission

• REIT - Real Estate Investment Trust

The SEC was created in response to what event?

• President Roosevelt's New Deal

• Creation of the New York Stock Exchange

• The Stock Market Crash of 1929

• WWI

The Securities and Exchange Commission is responsible for...

• Bank and Credit Union oversight

• The free market economy and the money supply

• National Defense and the budget

• regulating security markets and protecting investors

What is the primary role of the Securities Exchange commission?

• To ensure the money supply

• To protect investors

• To establish interest rates

• To manage the national economy

Which of the Following correctly describes the Securities and Exchange Commission?

• A governmental agency hat regulates federal spending

• A private commission that exchanges money

• A federal agency that maintains fair and efficient markets

• An Interest group that lobbies for regulations in economics

What are the 2 tasks of the SEC?

• 1. 1. Ensure companies make truthful statements and 2. ensure companies treat investors honestly

• 1. 1. Ensure companies selling securities dont own stock in them or 2. work for them

• 1. 1. Ensure companies do not cheat on their taxes and 2. report all income

• 1. 1. Ensure companies follow standard accounting practice and 2. expense procedures

What does "FINRA" stand for?

• Federal Insurance Regulatory Advisory

• Financial Industry Regulatory Authority

• Federal Institute for Religious Authority

• None of the Answers are Correct

FINRA regulates:

• Investment Advisors

• Financial Advisors

• Stock Brokers

• All Options are Correct

FINRA is a Government Organization that oversees the SEC

• True

• False