Identify the correct statement about the Securities and Exchange Commission (SEC).

A. SEC rules prohibit the dollar value of extra benefits from being disclosed to shareholders.
B. It is a limited regulatory commission with five members, one of whom serves as chairman, appointed by the governor for five years.
C. It now has a staff of 3,500 and an annual budget of approximately $900 million.
D. Under SEC rules, a company can reject a proposed resolution for any of 30 reasons.

Answer: C. It now has a staff of 3,500 and an annual budget of approximately $900 million.