Final answer:
False. The Securities and Exchange Commission (SEC) has the power to administer the Uniform Securities Act and other important responsibilities.
Step-by-step explanation:
False.
The Securities and Exchange Commission (SEC) does have the power to administer the Uniform Securities Act among many other things. The SEC is an independent regulatory agency that was established by the federal government to regulate and supervise the sale of securities and the brokers, dealers, and bankers who sell them. It plays a crucial role in ensuring the integrity of the securities industry and protecting investors. The SEC has the authority to enforce federal securities laws and bring enforcement actions against those who violate them.