Georgia Assessments for the Certification of Educators GACE Practice Test

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Which of the following is not a responsibility of the Securities and Exchange Commission (SEC)?

Investigating insider trading
Processing applications for initial public offerings (IPOS)
Regulating securities
Setting interest rates

The correct answer is: Investigating insider trading

The SEC (Securities and Exchange Commission) is an independent federal agency responsible for protecting investors, maintaining fair and orderly markets, and facilitating capital formation. The responsibilities of the SEC include regulating securities, processing applications for initial public offerings, and setting interest rates. However, setting interest rates is not within the scope of the SEC's responsibilities. Setting interest rates is the responsibility of the Federal Reserve, not the SEC.