Weegy: Unlimited liability is the major disadvantage borne by the sole proprietorship. [ The owner is financially responsible for satisfying all business debts and/or losses suffered by the firm, even to the point of sacrificing his or her personal Read more: ] User: what is the securities and exchange commission (SEC) Weegy: Before the Great Crash of 1929, there was little support for federal regulation of the securities markets. When the stock market crashed in October 1929, public confidence in the markets plummeted. [ There was a consensus that for the economy to recover, the public's faith in the capital markets needed to be restored. Congress held hearings to identify the problems and search for solutions. Based on the findings in these hearings, Congress — during the peak year of the Depression — passed the Securities Act of 1933. This law, together with the Securities Exchange Act of 1934, which created the SEC, was designed to restore investor confidence in our capital markets by providing investors and the markets with more reliable information and clear rules of honest dealing. The main purposes of these laws can be reduced to two common-sense notions: - Companies publicly offering securities for investment dollars must tell the public the truth about their businesses, the securities they are selling, and the risks involved in investing. - People who sell and trade securities – brokers, dealers, and exchanges – must treat investors fairly and honestly, putting investors' interests first. ] User: which of the following is an institution that functions much like a business, but does not operate for the purpose of generating profits Weegy: what are the options? (More)