Capital Markets and Regulators

Free FINRA SIE (Securities Industry Essentials) lesson in Knowledge of Capital Markets. 11 min read, ~1,668 words.

SEC sits at the top: federal securities regulator created by the Securities Exchange Act of 1934. FINRA is the SRO for broker-dealers; MSRB writes muni rules but FINRA enforces them on BDs. SIPC covers \$500,000 per separate customer (\$250,000 cash sublimit); FDIC covers \$250,000 per depositor per bank per ownership...

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