Question

Congress enacted legislation in 1933 to regulate the securities industry and prohibit various forms of fraud with securities. The Securities Exchange Act of 1934 was passed a year later. This law created the Securities and Exchange Commission (SEC) as an independent regulatory entity whose function is to administer the two laws. The SEC has generated rules and regulations to administer these acts. These rules and regulations are __________.a. statutes
b. administrative law
c. executive orders
d. common law

Answer 1

Answer:

The correct answer is administrative law.      

Explanation:

An administrative law guarantees people that all procedures before the state will be carried out under high rigor and taking into account the laws approved and executed by the community. This situation allows to offer transparency beyond individual interests, in order to generate trust between citizens and the state.