SIE EXAM ASKS QUESTIONS ABOUT SELF REGULATORY ORGANIZATIONS AS INDICATED IN FINRA'S CONTENT OUTLINE
Section 1 (1) (2) of FINRA's Content Outline for the Securities Industry Essentials (SIE) exam covers self-regulatory organizations, or SRO's. The Content Outline indicates that a person taking the SIE exam should be familiar with, and have knowledge of, the purpose and mission of an SRO, and understand the jurisdiction and authority of the various SRO's such as the CBOE, FINRA, and the MSRB. Bob Eder's Study for the Securities Industry Essentials (SIE) Exam covers SRO's on page three. Here is the pertinent paragraph from Bob Eder: Purpose of Self-Regulatory Organizations Each SRO is primarily dedicated to making sure that investors and the public are protected in their relationships with broker/dealers and securities professionals. A SRO tries to foster and maintain integrity in the market place by policing and regulating its members. A SRO is not a government entity but set up as a non-profit corporation. A SRO makes rules for its member broker/dealers, enforces