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legal and regulatory frameworks
What are Regulatory Bodies and Their Roles?
Regulatory bodies are government agencies responsible for enforcing laws and regulations in specific industries. For example:
Securities and Exchange Commission (SEC)
: Regulates the securities industry to protect investors and maintain fair markets.
Food and Drug Administration (FDA)
: Ensures the safety and efficacy of food, medications, and medical devices.
Environmental Protection Agency (EPA)
: Enforces environmental laws to protect natural resources and public health.
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