SIE practice questioneasyFINRA - Self-Regulatory Organization
Which of the following is a self-regulatory organization (SRO) responsible for overseeing broker-dealers and their registered representatives?
- AFINRA✓ Correct answer
- BFDIC
- CFederal Reserve
- DOffice of the Comptroller of the Currency
Explanation
Why A — FINRA
FINRA (Financial Industry Regulatory Authority) is the SRO that makes rules and enforces regulations governing broker-dealers. FDIC insures deposits, the Fed governs monetary policy, and the OCC supervises banks.
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