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Question

What is the role of

the​ SEC?

A.

To play a role of Walrasian auctioneer in security and commodity exchanges

B.

To verify that transactions on securities markets are conducted at a reasonable price

C.

To prevent fraud and promote equitable and fair operations in securities markets

D.

To provide liquidity to the markets that are too thin

E.

To limit​ bid-ask spreads on dealer markets

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