SIE Study Guide question with verified solution 2023

SIE Study Guide question with verified solution 2023 Section 1: Knowledge of Capital Markets - correct answer The SEC purpose/mission when created jurisdiction authority - correct answer protect investos, maintin fair orderly & efficient markets, facilitate capital formation by congress in 1934 US federal government enforce federal security laws & create laws that regulate securities industry enforces Securities act 1933/1934, trust indenture act 1939, investment company act 1940, investment advisors act 1940 SROs (Self-Regulatory Organizations) what is the largest SRO? - correct answer organization formed to regulate certain professions & industires to create rules that promote order among businesses& orgs, supplemental to laws/gov FINRA CBOE jurisdiction? - correct answer originated the VIX Chicago board options exchange 1st nationally recognized sec exchange listing and trading options. (lgest option market) SRO jurisdiction over all writing and trading of standardized options and related contracts listed on exchange FINRA government? - correct answer Financial Industry Regulatory Authority license and regulate B/Ds license security dealer, audit dealers/associated firms, ensure compliance, write/enforce rules governing BDs, regulate trading equities corps bonds sec features options independent NONgovernmental largest SRO MSRB