SIE Knowledge of Capital Markets Question 14: Answer and Explanation

Question: 14

Which of the following was previously named the National Association of Securities Dealers (NASD)?

• A. New York Stock Exchange LLC (NYSE)
• B. American Stock Exchange (Amex)
• C. Financial Industry Regulatory Authority (FINRA)
• D. The Options Clearing Corporation (OCC)

Correct Answer: C

Explanation:

C: Choice C is correct because the Financial Industry Regulatory Authority (FINRA) was formerly the National Association of Securities Dealers (NASD). The NASD was established by the 1938 Maloney Act, which was amending the Securities Exchange Act of 1934. Choices A, B, and D are incorrect.