To protect consumers, the SEC requires brokers and dealers to information about securities. True or False

Answer;

The above statement is true;

To protect consumers, the SEC requires brokers and dealers to reveal information about securities.

Explanation;

The objective of the SEC (securities and Exchange Commission) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. they also protect consumers by requiring brokers and dealers to reveal information about securities.

That statement is true. In order to protect customers, sec requires brokers and dealers information about securities.

This will prevent any potential fraud that happen during the transaction and track the culprit if a fraud happened in the future