SIE practice questionmediumSecurities Exchange Act of 1934
A broker-dealer is required to maintain books and records, submit financial reports, and register with the SEC. Which law establishes these obligations?
- ASecurities Act of 1933
- BInvestment Advisers Act of 1940
- CSecurities Exchange Act of 1934✓ Correct answer
- DSarbanes-Oxley Act
Explanation
Why C — Securities Exchange Act of 1934
The Securities Exchange Act of 1934 governs broker-dealers, exchanges, and reporting requirements. The 1933 Act deals with new issues, the Advisers Act covers investment advisers, and Sarbanes-Oxley addresses corporate governance.
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