Which of the following statements about SROs is correct?

1. ASROs are part of the U.S. government
2. BSROs are private organizations that regulate the industry under SEC oversight✓ Correct answer
3. CSROs only regulate investment advisers
4. DSROs are funded by taxpayer dollars

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• Which disciplinary action is NOT typically performed by an SRO?
• Which of the following is NOT an SRO?
• Which organization regularly examines broker-dealers for compliance with SRO rules?
• Who creates the rules that SROs enforce on their members?