Pursuant to its legislative powers, the SEC also issues __________ letters and no-action letters to advise the securities investment and trading community on how the SEC will treat a proposed transaction.
A) interpretative
B) issuer
C) intermediary
D) investor

Question

Quizplus · Accepted Answer

Interpretative letters and no-action letters are tools used by the SEC to provide guidance to the securities investment and trading community. Interpretative letters explain how the SEC interprets or applies its rules to specific situations, offering clarity on regulatory requirements.

Pursuant to Its Legislative Powers, the SEC Also Issues __________