4-74 Considering the securities firms and investment banking industries,The National Securities Markets Improvement Act (NSMIA) of 1996
A) appointed the Federal Reserve System as the primary regulator of the industry.
B) diminished the role of the National Association of Securities Dealers (NASD) in regulating the industry.
C) allowed individual states the right to require registration of firms operating in the state.
D) effectively affirmed the SEC as the primary regulator of the industry.
E) required all firms in the industry to maintain minimum amounts of capital.
Correct Answer:
Verified
Q62: 4-61 An attempt by a market maker
Q63: 4-68 The Securities Investor Protection Corporation (SIPC)protects
Q64: 4-63 Securities firms have equity ratios that
Q65: 4-64 Program trading involves
A)online trading services provided
Q66: 4-66 Legislation designed to improve corporate governance
Q68: 4-71 Which of the following is true
Q69: 4-73 Which of the following is a
Q70: 4-65 SEC Rule 415 relates to
A)private placements.
B)shelf-offerings.
C)ownership
Q71: 4-75 Which of the following 2 firms
Q72: 4-80 As of mid-year 2009,approximately _ of
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