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.
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