SIE practice questioneasySEC Rules
Trading securities based on material, nonpublic information is prohibited by which agency?
- AFINRA
- BFDIC
- CSEC✓ Correct answer
- DOCC
Explanation
Why C — SEC
The SEC (Securities and Exchange Commission) enforces federal securities laws including insider trading prohibitions. FDIC insures bank deposits, FINRA is a self-regulator, and OCC clears options.
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