Question

FINRA is the result of:

a. The increased focus on derivatives due to low interest rates.
b. The merger of NASD and the regulatory part of NYSE.
c. A need identified by Congress to moderate the Consumer Financial Protection Bureau.
d. The need to ensure that buyers of mutual funds understand that they are not FDIC insured.

Answer 1

FINRA is the result of the merge of NASD and the regulatory part of NYSE. FINRA is responsible for regulating brokerage firms and ensuring compliance with industry rules and regulations.

Step-by-step explanation:

FINRA is the result of the merge of NASD and the regulatory part of NYSE. The National Association of Securities Dealers (NASD) was a self-regulatory organization for the securities industry, and it merged with the regulatory part of the New York Stock Exchange (NYSE) to form the Financial Industry Regulatory Authority (FINRA). FINRA is responsible for regulating brokerage firms and ensuring compliance with industry rules and regulations.