Under the Securities Exchange Act of 1934, the SEC:

A. has the power to suspend trading on an exchange floor

B. has the power to suspend trading on an electronic market

C. has the power to suspend trading in any market located in the United States

D. does not have the power to suspend trading of securities

Question

Ulises Rodriguez

History

12 September, 19:14

Under the Securities Exchange Act of 1934, the SEC:

A. has the power to suspend trading on an exchange floor

B. has the power to suspend trading on an electronic market

C. has the power to suspend trading in any market located in the United States

D. does not have the power to suspend trading of securities

+3

Answers (1)

Know the Answer?

Diya Strong · Answer 1

A.

Explanation:

This is the most accurate answer as the Securities Exchange Act of 1934 extended the faculties of the Securities Act of 1933 which until then regulated the transaction of the primary market. When the Securities Exchange Act of 1934 was enacted, the regulations also comprised the transactions of the secondary market.

Since the exchange floor is the scenario where the securities trading takes place, the option A is the one that best engulfs the main aspects of the Act.