Series 7 Exam Prep 71, FINRA, SEC, MSRB, and Regulatory Bodies

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The SEC is the ultimate federal authority overseeing all securities market participants. - FINRA is the primary self-regulatory organization (SRO) that writes and enforces rules for broker-dealers. - A common exam trap is that the MSRB writes rules for municipal securities but has no enforcement power; FINRA and banking regulators enforce its rules. - The Cboe is the specific SRO that creates and enforces rules for the options market. - The Federal Reserve Board sets initial margin requirements for securities purchases under Regulation T. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep