Series 7 Exam Question 136: Answer and Explanation

Question: 136

Which of the following are self-regulatory organizations?

I. FINRA

II. MSRB

III. SEC

IV. NYSE

• A. II and IV
• B. I, II, and III
• C. I, II, and IV
• D. I, II, III, and IV

Correct Answer: C

Explanation:

C. The SEC is a government agency. FINRA, MSRB, and the NYSE are self-regulatory organizations (SROs). SROs are unaffiliated with the government.