Regulatory bodies like the SEC and the FTC have the power to pass ________ law.
A) constitutional
B) statutory
C) administrative
D) common
E) case

Question

Quizplus · Accepted Answer

Regulatory bodies such as the SEC (Securities and Exchange Commission) and the FTC (Federal Trade Commission) are administrative agencies that have the power to pass administrative law. Administrative law is the body of law that governs the activities of administrative agencies and includes rules, regulations, orders, and decisions issued by these agencies. The other options are not applicable as regulatory bodies do not have the power to pass constitutional law (A), statutory law (B), common law (D), or case law (E).

Regulatory Bodies Like the SEC and the FTC Have the Power