SIE practice questionmediumFINRA vs MSRB
Which statement best compares FINRA and the MSRB?
- AFINRA regulates broker-dealers and registered reps; MSRB sets rules for municipal securities market participants✓ Correct answer
- BFINRA oversees government agencies; MSRB regulates mutual funds
- CBoth are government agencies
- DMSRB enforces FINRA rules
Explanation
Why A — FINRA regulates broker-dealers and registered reps; MSRB sets rules for municipal securities market participants
FINRA and MSRB have distinct regulatory scopes as described.
Turn it into reps
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