How can an SRO change its rules?

1. ABy submitting proposed changes to the SEC for approval✓ Correct answer
2. BBy sending a memo to all members
3. CBy passing a law in Congress
4. DBy holding a press conference

Reading one answer is not the same as being ready

Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.

• Which organization enforces MSRB rules for broker-dealers?
• SROs require registered representatives to complete continuing education to:
• Which of the following is NOT typically covered by SRO rules?
• If an SRO rule conflicts with a federal securities law, which prevails?