SIE practice questioneasyFINRA and MSRB Rules
Which regulatory body oversees broker-dealer activities in the municipal securities market?
- ASEC
- BMSRB✓ Correct answer
- CFINRA
- DCFTC
Explanation
Why B — MSRB
The Municipal Securities Rulemaking Board (MSRB) regulates broker-dealers and banks in the municipal securities market. FINRA handles broader broker-dealer compliance, while the SEC is the main federal securities regulator. The CFTC covers commodities.
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