What is the specific role of one regulatory agency
setting standards for the stock exchange and enforcing those standards
creating the nation’s money
creating medicare and medicaid
acting as a liaison between the us and other nations

The specific role of one regulatory agency is: setting standards for the stock exchange and enforcing those standards

Since a lot of public money is involved in the stock exchange, the regulatory agency imposed a very tight regulation on how to present company's financial statement to prevent any potential fraud.

2nd onethey were outraged that former confederate were able to join as they would have biased views