XACC 280 Week 8 CheckPoint 2 - Regulatory Bodies

Checkpoint: Regulatory Bodies
Post your response to the following questions, using 250 – 300 words: What are the major regulatory bodies and their functions?

The first and probably most well known regulatory body is called the IRS, or Internal Revenue Service. The IRS’s main purpose is to manage and impose the internal revenue law. They are responsible for the collection of taxs. The next regulatory body is the SEC, or Securities and Exchange Commission. The SEC’s main purpose is to watch the main participants in security.
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