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SIE: Regulatory Framework
SIE practice questionmediumFINRA’s Role as an SRO

FINRA is primarily responsible for regulating which of the following?

  1. AMutual funds only
  2. BBroker-dealers and their registered representatives✓ Correct answer
  3. CCommercial banks
  4. DInvestment advisers only
Explanation

Why BBroker-dealers and their registered representatives

FINRA regulates broker-dealers and registered representatives, ensuring compliance with industry standards.

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