SIE practice questionmediumFINRA’s Role as an SRO
FINRA is primarily responsible for regulating which of the following?
- AMutual funds only
- BBroker-dealers and their registered representatives✓ Correct answer
- CCommercial banks
- DInvestment advisers only
Explanation
Why B — Broker-dealers and their registered representatives
FINRA regulates broker-dealers and registered representatives, ensuring compliance with industry standards.
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