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SIE - REGULATIONS - FINRA RULES part 1 Questions and Answers | 100% Pass CA$17.99   Add to cart
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SIE - REGULATIONS - FINRA RULES part 1 Questions and Answers | 100% Pass
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SIE - REGULATIONS - FINRA RULES part 1 Questions and Answers | 100% Pass All of the following statements are true regarding the U.S. securities markets EXCEPT: A The Federal Reserve Board decides which securities can be traded on margin B FINRA has regulatory authority over the U.S. securitie...

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  • September 25, 2024
  • 33
  • 2024/2025
  • Exam (elaborations)
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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

SIE - REGULATIONS - FINRA RULES part
1 Questions and Answers | 100% Pass

All of the following statements are true regarding the U.S. securities markets EXCEPT:




A

The Federal Reserve Board decides which securities can be traded on margin



B

FINRA has regulatory authority over the U.S. securities markets and market participants

in the trading of all non-exempt securities



C

The Securities and Exchange Commission has regulatory authority over the U.S.

securities market and market participants



D

The MSRB has regulatory authority over the U.S securities markets and market

participants in the trading of all exempt securities - Answer✔️✔️-D




1/33

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Both FINRA and the SEC regulate the U.S. securities markets. FINRA is the SRO (Self

Regulatory Organization) that regulates the markets under SEC oversight.

The Federal Reserve decides which securities are marginable, since it has power over

margin rules given under the Securities Exchange Act of 1934.

The MSRB only write regulations covering the trading of municipal bonds - not U.S.

Government or Agency bonds - so the statement that the MSRB regulates trading in all

exempt securities is untrue.

Which of the following is an SRO?



A

MSRB



B

SEC



C

SIPC



D

FDIC - Answer✔️✔️-A




2/33

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Both FINRA and the MSRB are SROs - self-regulatory organizations under SEC

oversight. The MSRB write rules for municipal market participants, but it does not

enforce those rules. Enforcement of MSRB rules is performed by FINRA for broker-

dealers.

SIPC is the Securities Investor Protection Corporation, which insures customer

accounts at broker-dealers from B/D failure.

FDIC (Federal Deposit Insurance Corporation) insures customer accounts at banks

from bank failure.

FINRA enforces regulations in all of the following markets EXCEPT:



A

First Market



B

Second Market



C

Third Market



D

Futures Market - Answer✔️✔️-D


3/33

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FINRA is the regulator for all of the securities markets - the Primary Market (new

issues); the First Market (trades on exchanges); the Second Market (OTC trades of

non-exchange listed securities); the Third Market (OTC trades of exchange listed

issues) and the Fourth Market (direct trading between institutions on ECNs and ATSs).

FINRA has no regulatory authority over the futures markets - that function is performed

by the CFTC - the Commodities Futures Trading Commission.

The SIE Exam allows an individual to:



A

perform the functions of a registered representative with the exception of solicitation of

potential clients



B

sell securities that are either issued or guaranteed by the U.S. Government or its wholly-

owned agencies



C

become licensed upon passing the appropriate representative qualification exam



D




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