SIE Exam question with complete solution rated A+ already passed

SIE Exam question with complete solution rated A+ already passedSIE Purpose and Mission - correct answer A U.S. government oversight agency responsible for regulating the securities markets and protecting investors. The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. Definition of SEC - correct answer The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation. Jurisdiction of SEC - correct answer The SEC holds primary responsibility for enforcing the federal securities laws, proposing securities rules, and regulating the securities industry, which is the nation's stock and options exchanges, and other activities and organizations, including the electronic securities markets in the United States Purpose of SRO's - correct answer A self-regulatory organization is an organization that exercises some degree of regulatory authority over an industry or profession. SRO - correct answer Self-regulatory Organizations Function under SEC oversight. Accountable for enforcing federal securities laws and supervising securities practices within an assigned jurisdiction. Largest 3: FINRA, MSRB, and CBOE Mission of SRO's - correct answer provide information and allow input on any areas of interest or concern which may include fraud or other unethical industry activities. The SRO may also help investors understand how their investments work and advise on methods to mitigate potential risks associated with the securities industry FINRA - correct answer Financial Industry Regulatory Authority. Regulates all matters related to investment banking, trading in the OTC market, trading in NYSE listed securities, and conduct of FINRA