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What did the Securities and Exchange Commission (SEC) eliminate for foreign companies listed in the United States?

User Dbotha
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Final answer:

The SEC has regulatory authority to make changes affecting foreign companies listed on U.S. exchanges, with historical actions ranging from modifications in reporting to easing certain compliance obligations, but specific eliminations must be referenced from concrete regulatory changes made by the SEC.

Step-by-step explanation:

The question pertains to actions taken by the Securities and Exchange Commission (SEC) concerning foreign companies listed in the United States. While the specifics of what the SEC eliminated for foreign companies is not provided in the provided reference information, historically the SEC has made various regulatory changes that could affect foreign companies, such as modifications to reporting requirements, or the elimination of certain compliances like the SOX 404(b) auditor attestation requirement for smaller reporting companies or emerging growth companies. In this context, it is important to note that the SEC's primary role is to protect investors and maintain fair, orderly, and efficient markets, as well as to facilitate capital formation. They regulate the investment industry, with rules governing trading that are intended to prevent market abuses and another catastrophic market crash such as the one in 1929.

User Thomanski
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