Question

which statement explains a way how the securities and exchange commission upholds fair business practices? the sec makes sure that banks follow federal laws. the sec tries to limit risk in the financial system. the sec generally oversees banking practices. the sec generally oversees financial advisers.

Explanation:

The SEC (Securities and Exchange Commission) is responsible for protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. Overseeing financial advisers helps in upholding fair business practices as these advisers deal with investors' money and investment - related advice. The other options pertain more to banking - related regulations rather than directly to the SEC's role in fair business practices in the securities context.

Answer:

The SEC generally oversees financial advisers.