SIE practice questioneasyFINRA Rules
Which organization primarily regulates broker-dealers operating in the U.S. securities industry?
- AFOMC
- BFINRA✓ Correct answer
- CFDIC
- DFHLB
Explanation
Why B — FINRA
FINRA (Financial Industry Regulatory Authority) is the main SRO for broker-dealers. The FOMC manages monetary policy, FDIC insures bank deposits, and FHLB supports housing.
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