Which entity is primarily responsible for regulating broker-dealers and registered representatives in the over-the-counter market?

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Multiple choice — select the best answer

AThe Federal Reserve
BThe MSRB
CThe SEC directly
DFINRA

✓ Correct answer: D. FINRA FINRA is the primary SRO regulating broker-dealers and their associated persons. It writes rules, administers exams, and enforces conduct standards under SEC oversight.

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Which entity is primarily responsible for regulating broker-dealers and registered representatives in the over-the-counter market?

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