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Which of the following statements about the Securities and Exchange Commission (SEC) is false? Multiple Choice SEC commissioners are appointed by the president. The SEC

Which of the following statements about the Securities and Exchange Commission (SEC) is false?

Multiple Choice

SEC commissioners are appointed by the president.

The SEC consists of five commissioners.

The SEC is responsible for administering federal securities laws.

It is an administrative agency that was created in 1934.

SEC commissioners serve 12-year terms.

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