SIE practice questionmediumSecurities Exchange Act of 1934 - Broker-Dealer Registration
A firm acting as both broker and dealer in securities transactions is required to register with which entity?
- ANYSE
- BSEC✓ Correct answer
- CSIPC
- DFDIC
Explanation
Why B — SEC
Broker-dealers must register with the SEC, not the NYSE (a marketplace), SIPC (insurance), or FDIC (banking).
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