SIE practice questionmediumExchange Act of 1934 - Broker-Dealer Registration
Under the Securities Exchange Act of 1934, who must register with the SEC?
- ABroker-dealers operating in the U.S.✓ Correct answer
- BAll mutual fund shareholders
- CRetail investors
- DAll private equity firms
Explanation
Why A — Broker-dealers operating in the U.S.
The 1934 Act requires broker-dealers (firms executing transactions for others or themselves) to register with the SEC. Fund shareholders, retail customers, and private equity firms do not register as such.
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