Which of the following statements regarding SEC Commissioners are CORRECT?
The maximum number that may serve at any one time is five
Political affiliation plays a role in limiting who may be appointed
They are appointed by the POTUS with the advice and consent of the SCOTUS
Upon confirmation, other than holdings in U.S. government securities, all securities positions must be liquidated.
A) I and III.
B) II and IV.
C) I, II, III and IV.
D) I and II.
Answer: D) I and II.