SIE practice questionmediumEthical Standards
Which best describes the purpose of SROs’ ethical standards?
- ATo maximize profits for SROs
- BTo ensure fair, honest, and equitable practices in the securities industry✓ Correct answer
- CTo set federal tax policy
- DTo promote specific investment products
Explanation
Why B — To ensure fair, honest, and equitable practices in the securities industry
Ethical standards are designed to uphold fairness, honesty, and equity in the industry.
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