SIE practice questioneasySecurities Exchange Act of 1934
Who is primarily responsible for enforcing regulations against market manipulation in the secondary markets?
- AThe Internal Revenue Service (IRS)
- BThe Federal Reserve
- CThe Department of Treasury
- DThe Securities and Exchange Commission (SEC)✓ Correct answer
Explanation
Why D — The Securities and Exchange Commission (SEC)
The SEC enforces securities laws and regulations, particularly those in the Securities Exchange Act of 1934, which targets market manipulation. The Federal Reserve (B) deals with monetary policy. The Treasury (C) issues government securities. IRS (D) is responsible for tax collection.
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