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Explain the origin and expansive role of the Securities and Exchange Commission.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section17.3: Horizontal Analysis

Problem 2AYU

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Question

Explain the origin and expansive role of the Securities and Exchange Commission.

Expert Solution

Step 1

Answer:

Origin and expansive role of Securities and Exchange Commission:

The Securities and Exchange Commission is approved by federal legislation passed by Congress. The Securities and Exchange (SEC) was created through the SEC Act of 1934. SEC is a separate and independent federal agency.

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