SIE practice questioneasyFINRA Rules
Which organization is primarily responsible for regulating broker-dealers and their registered representatives?
- AMSRB
- BNYSE
- CFederal Reserve
- DFINRA✓ Correct answer
Explanation
Why D — FINRA
FINRA (Financial Industry Regulatory Authority) is the main SRO regulating broker-dealers and representatives. The NYSE is an exchange, the Federal Reserve handles monetary policy, and the MSRB focuses on municipal securities.
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