SIE practice questioneasyFINRA Rules
Which regulatory body sets rules governing the execution of customer orders in the over-the-counter (OTC) market?
- AFederal Reserve
- BFINRA✓ Correct answer
- CMSRB
- DFDIC
Explanation
Why B — FINRA
FINRA oversees broker-dealers and order execution in the OTC market. The Federal Reserve handles monetary policy, MSRB oversees the municipal market, and FDIC insures deposits.
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