SIE practice questionhardFINRA Membership
Which of the following is required for a broker-dealer to do business with the public?
- AMembership in FINRA✓ Correct answer
- BSEC registration only
- CFDIC insurance
- DFederal Reserve membership
Explanation
Why A — Membership in FINRA
Broker-dealers must be FINRA members to transact with the public. SEC registration is necessary but not sufficient; FDIC and Fed membership are not required.
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