Respuesta :

Section 14(a) of the Securities Exchange Act,1934 gives the securities and exchange commission (sec) the authority to regulate the solicitation of proxies.

Securities Exchange act 1934 is an  act which was enacted to provide the proper rules and regulation of securities exchanges and also of the over-the- counter markets which are  operating in interstate as well as the foreign commerce and also through the mails, so that inequitable and unfair practices on such exchanges and markets could be prevented at the highest level, and for other purposes such as minimizing the frauds etc.

Meaning of proxy: Proxy is the authority which is defined or selected to represent someone else in the contract, annual general meeting or any other meeting especially for voting purpose.

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