1 Multiple Choice-Securities Laws and SEC Functions These questions involve the federal securities laws and the organization, structure, and authority of the SEC. Required Which of the following are not requirements imposed by the Securities Exchange Act of 1934 and its amendments? a. 1. Proxy solicitation requirements. 2. Prospectus requirements. 3. Insider trading requirements. 4. Accounting, recordkeeping, and internal control requirements. b. nich of the following laws requires companies to maintain accurate accounting records and a sys- tem of effective internal accounting controls? 1. Securities Exchange Act of 1934 2. Securities Investor Protection Act of 1970 3. Foreign Corrupt Practices Act of 1977 4. Dodd-Frank Act of 2010 Which of the following is not a purpose of the Securities Exchange Act of 1934? 1. To establish federal regulation over securities exchanges and markets. 2. To prevent unfair practices on securities exchanges and markets. 3. To discourage and prevent the use of credit in financing excessive speculation in securities. 4. To approve the securities of corporations that are to be traded publicly. C. d. Which of the following categories is not registered by the SEC? 1. Securities brokers who deal in over-the-counter markets Securities brokers who deal only in interstate markets. 3. Public accounting firms. Securities exchanges. 2. 4