SIE Exam Question 529: Answer and Explanation

Question: 529

Which of the following acts created the SEC and empowered it with broad authority over all aspects of the securities industry?

• A. Securities Act of 1933
• B. Securities Exchange Act of 1934
• C. Investment Advisers Act of 1940
• D. Investment Company Act of 1940

Correct Answer: B

Explanation:

The Securities Exchange Act of 1934 created the SEC and empowered it with broad authority over all aspects of the securities industry.