SIE practice questioneasyCreation of SRO Rules
Who creates the rules that SROs enforce on their members?
- AThe SRO itself✓ Correct answer
- BThe President
- CThe IRS
- DThe Department of Commerce
Explanation
Why A — The SRO itself
SROs create their own rules, which are subject to SEC approval.
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Related Regulatory Framework questions
- Which of the following is NOT an SRO?
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