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Sagot :
Yes, SEC is the independent government federal agency.
Federal agency.
The term federal agency refers the government organization responsible for a certain area of administration .
Given,
Here we need to identify that SEC is the federal government or not.
In order to find that, we have to know the details about SEC.
Basically, SEC is the independent federal agency, established pursuant to the Securities Exchange Act of 1934, headed by a five-member Commission placed under the government. And the Commissioners are appointed by the President and confirmed by the Senate.
And it monitors the activities of more than 28,000 entities in the securities industry, including investment advisers, broker-dealers, and securities exchanges.
To know more about Federal agency here.
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