Securities and Exchange Commission Quiz

How many Commissioners are appointed by the President of the Philippines to serve on the Securities and Exchange Commission?

• Three

• Four

• Five

• Six

What are the qualifications for the SEC Commissioners?

• Must be natural-born citizens of the Philippines

• At least thirty years of age

• Of good moral character and integrity

• All of the above

Who is considered as the chief executive officer (CEO) of the SEC?

• The Chairperson

• The President of the Philippines

• The Commissioner

• The Secretary of Finance

How often does the SEC hold meetings for the conduct of business?

• Once a month

• Once a week

• Once a year

• Whenever necessary

What is the minimum number of Commissioners required to constitute a quorum for a SEC meeting?

• One

• Two

• Three

• Four

Which of the following functions can the SEC delegate to other entities or individuals?

• Review authority

• Power to adopt, alter, and supplement rules and regulations

• Power to issue cease and desist orders

• All of the above

What is the main purpose of the Securities and Exchange Commission?

• To promote the interests of investors

• To regulate the activities of corporations

• To advise Congress on securities market issues

• To enforce securities laws

What powers does the SEC have over corporations, partnerships, or associations with primary franchises or licenses?

• Jurisdiction and supervision

• Power to approve or reject registration statements

• Power to impose sanctions for violations

• All of the above

What can the SEC do to prevent fraud or injury to the investing public?

• Issue cease and desist orders

• Impose sanctions on violators

• Enlist the aid and support of enforcement agencies

• All of the above

What penalties can the SEC impose for contempt of the SEC?

• Monetary fines

• Imprisonment

• Both monetary fines and imprisonment

• No penalties