Who oversees SROs to ensure they are acting in the public's best interest?

1. AThe Senate
2. BThe SEC✓ Correct answer
3. CFINRA
4. DThe exchange

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• SROs derive their authority primarily from which act?
• Which organization regularly examines broker-dealers for compliance with SRO rules?
• What document contains the official rules that SRO member firms must follow?
• Which disciplinary action is NOT typically performed by an SRO?