SIE practice questionmediumSEC Regulations
Which of the following requires broker-dealers to verify customer identity to prevent money laundering?
- ASecurities Act of 1933
- BUSA PATRIOT Act✓ Correct answer
- CInvestment Company Act of 1940
- DRegulation T
Explanation
Why B — USA PATRIOT Act
The USA PATRIOT Act mandates broker-dealers to implement identity verification programs. The other laws do not specifically address anti-money laundering.
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