Amendments to the Securities Exchange Act in 1975 required any exchange or over-the- counter market to .
A) register each individual market transaction with the Securities and Exchange Commission
B) obtain advance approval from the Securities and Exchange Commission prior to any rule changes
C) report profits and losses to the Securities and Exchange Commission on a monthly basis
D) cease all trading activity in times of severe recession

Question

Quizplus · Accepted Answer

The Securities Exchange Act amendments in 1975 required any exchange or over-the-counter market to obtain advance approval from the Securities and Exchange Commission prior to any rule changes. This was done to provide more transparency and oversight for the markets. The other options listed are not accurate requirements of the amendments.

Amendments to the Securities Exchange Act in 1975 Required Any