SIE practice questionmediumSecurities Exchange Act of 1934
Which organization was created by the Securities Exchange Act of 1934 to regulate exchanges and broker-dealers?
- ASecurities Investor Protection Corporation (SIPC)
- BFinancial Industry Regulatory Authority (FINRA)
- CFederal Reserve Board
- DSecurities and Exchange Commission (SEC)✓ Correct answer
Explanation
Why D — Securities and Exchange Commission (SEC)
The SEC was created by the 1934 Act to regulate the securities industry including exchanges and broker-dealers. FINRA is a later SRO, the Fed manages monetary policy, and SIPC protects investors but does not regulate.
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