Question

Distinguish between responsibilities of the FTC and those of the SEC.

prohibits deceptive
practices
provides information
about choosing products
prohibits insider
trading
regulates brokers and
investment advisors

Answer 1

FTC--- Prohibits deceptive practice.

Provide information about choosing products.

SEC--- Prohibits insider trading.

Regulates brokers and an investment adviser.

Step-by-step explanation:

• FTC is recognized as the Federal Trade Commission. It is a government entity that aims to protect customers by upholding consumer protection and antitrust laws and maintaining a strong competitive environment.

• SEC is known as the Securities and Exchange Commission it is an agency of the U.S. government. The primary responsibility of the SEC is to implement statutory securities laws, formulate securities legislation, and oversee the securities market.

Answer 2

FTC: prohibits deceptive practices and provides information about choosing products

SEC: prohibits insider trading and regulates brokers and investment advisers