SIE Chapter 2 Latest Update Graded A+
Which government agency oversees the regulation of broker-dealers and aims to protect
investors while ensuring fair and efficient trading in the primary markets? The Securities and
Exchange Commission (SEC)
What types of transactions fall under the SEC'...
1 SIE Chapter 2 Latest Update Graded A+ Which government agency oversees the regulation of broker -dealers and aims to protect investors while ensuring fair and efficient trading in the primary markets? ✔✔The Securities and Exchange Commission (SEC) What types of transactions fall under the SEC's jurisdiction? ✔✔Transactions involving securities that occur across state lines What are Self -Regulatory Organizations (SROs), and give an example? ✔✔Organizations like FINRA that oversee day -to-day trading activities What is an Office of Supervisory Jurisdiction (OSJ)? ✔✔An office that supervises multiple other offices Who supervises the daily activities of registered representatives within a branch or OSJ? ✔✔A principal 2 What is the role of the Federal Re serve Board (FRB)? ✔✔The central bank responsible for managing monetary policy, controlling the money supply, and setting interest rates to achieve maximum employment and stable prices What tools does the FRB use to control monetary policy? ✔✔Open market operations, setting the discount rate, reserve requirements, and Regulation T What is the Federal Deposit Insurance Corporation (FDIC), and what does it do? ✔✔A banking regulator that insures depositors' accounts up to $250,000 What are Blue Sky Laws? ✔✔State laws designed to protect the public by regulating the offering and sale of securities Which organization creates and updates the provisions of the Uniform Securities Act (USA) and focuses on protecting investors from fraud? ✔✔North American Securiti es Administrators Association (NASAA) What are Written Supervisory Procedures (WSPs)? ✔✔Firm -established policies and procedures outlining the responsibilities of those enforcing them
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