SIE practice questionhardReporting significant operational risk events
A significant operational risk event (such as a major system outage) must be reported to which regulator(s)?
- ANo reporting is required
- BSIPC only
- COCC only
- DFINRA and the SEC✓ Correct answer
Explanation
Why D — FINRA and the SEC
Operational risk events that could affect customers or markets must be reported to both FINRA and the SEC.
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