SIE practice questionhardSEC Rules
A broker-dealer must register with which organization before engaging in securities business?
- AMSRB
- BFederal Reserve
- CSEC✓ Correct answer
- DNYSE
Explanation
Why C — SEC
All broker-dealers must register with the SEC per the Securities Exchange Act of 1934. The Fed, MSRB, and NYSE have regulatory roles but are not the initial registration authority.
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