Other chapters on the test 15(Regulatory), 17(Financial and Securities Regulations ), 16(antitrust)

An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch. An agency's function usually is characterized as quasi-legislative or quasi-judicial.

This term describes the rule-making functions of administrative agencies.

Administrative actions involving factual determinations and the discretionary application of rules and regulations.

power to investigate, prosecute and supervise

1. Rule making
2. Adjudicating
3. Advising
4. Investigating

A disclosure law with respect to the initial sale of securities to the public

-Applies to secondary market transactions
-Mandates reporting requirements for companies whose securities are publicly traded

Under the securities law, an investment in which the investor does not participate in management.

The federal administrative agency that regulates the securities industry. created in 1934

laws which seek to promote competition among businesses

An 1890 congressional enactment designed to regulate anticompetitive behavior in interstate commerce.

Passed in 1914, this legislation created the Federal Trade Commission (FTC) and authorized it to protect society against unfair methods of competition. The law was amended in 1938 (by the Wheeler-Lea amendment) to provide the FTC with authority to regulate unfair or deceptive trade practices.

Legislation passed in 1914 that exempts labor unions from the Sherman Act. This law expanded the national antitrust policy to cover price discrimination, exclusive dealings, tying contracts, mergers, and interlocking directors.