Answer:
D: It regulates the business practices of stockbrokers.
Explanation:
The securities and exchange commission( SEC) is an independent state regulatory authority mandated to protect investors and promote fair and orderly practices in the securities market. The Sec has published rules and regulation that has created investor confidence in the markets. The SEC rules apply to all firms and individuals in the securities markets, including brokerage firms, securities exchanges, dealers, investment banks, and investment funds.
Among other things, SEC regulations demand disclosure and sharing of financial and market-related information, fair trading, and guards against fraud.
