SIE practice questionhardSecurities Exchange Act of 1934 - Self-Regulatory Organizations
Under the Exchange Act of 1934, which entity is a self-regulatory organization (SRO)?
- ASEC
- BFINRA✓ Correct answer
- CTreasury Department
- DFederal Reserve
Explanation
Why B — FINRA
FINRA is an SRO. The SEC is a government agency, not self-regulatory. Treasury and the Fed are government authorities.
Turn it into reps
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.
Related Capital Markets & Offerings questions
- A company plans to raise capital through a public offering of common stock in the U.S. Which document must it file with…
- Which transaction is exempt from SEC registration under the Securities Act of 1933?
- Which act regulates trading on U.S. stock exchanges?
- Regulation A+ allows eligible companies to raise capital through: