Which of the below statements is TRUE?

Question

Quizplus · Accepted Answer

After a stock trade is completed, the delivery of the shares by the seller and the payment of cash by the buyer must occur quickly and efficiently. Choices A, B, and C are all incorrect. The basis for the federal government regulation of the stock market resides with the SEC, not the CQS. The SEC is responsible for the member regulation, enforcement, and arbitration functions of the NYSE, not the SEC of the NYSE. Finally, all clearance and settlement services for U.S equities market (as well as corporate bonds, municipal bonds, exchange-traded funds, and unit investment trusts trades) are not provided by the CQS but by various entities such as the National Securities Clearing Corporation (NSCC) and the Depository Trust Company (DTC).

Which of the Below Statements Is TRUE