SIE practice questionmediumSRO Rule Changes
How can an SRO change its rules?
- ABy submitting proposed changes to the SEC for approval✓ Correct answer
- BBy sending a memo to all members
- CBy passing a law in Congress
- DBy holding a press conference
Explanation
Why A — By submitting proposed changes to the SEC for approval
All SRO rule changes must be submitted to the SEC for approval.
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