30
QuizMultiple Choice

Business and Government — Test

Question 30 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Which statement about the SEC is accurate? SEC- U.S. Securities and Exchange Commission

Answer
A
It can convict people of crimes without a trial.
B
It is an independent agency that regulates finance.
C
It is associated with the legislative branch.
D
It is part of the government’s cabinet department.

Explanation

The SEC, or Securities and Exchange Commission, is an independent federal agency that oversees securities markets and enforces rules intended to protect investors. It cannot convict people of crimes; criminal convictions require a court trial. The accurate statement is that it is an independent agency that regulates finance.

AI-written and checked against the verified answer.

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