About This Chapter
Regulatory Entities & Agencies - Chapter Summary
This chapter goes over different types of regulatory entities and agencies so you're familiar with the Chicago Board Options Exchange, Internal Revenue Service (IRS), Securities & Exchange Commission, NASAA and more. Review the lessons in this chapter at your own pace. When finished, you will be ready to:
- Identify and discuss self-regulatory securities organizations
- Explain the purpose of the Municipal Securities Rulemaking Board
- Discuss the Department of the Treasury's purpose and jurisdiction
- Define the Federal Reserve System
- Detail the history of the FDIC
- Share the authority held by the Securities Investor Protection Corporation
- Describe banking, insurance and securities state regulators
As you review each lesson in this chapter, take advantage of the opportunity to test your knowledge of main concepts by taking accompanying self-assessment quizzes. If you want to gauge your understanding of the entire chapter, feel free to take the comprehensive practice test. Studying this chapter on the go is a breeze, thanks to around-the-clock mobile access. The dashboard keeps track of your process and lets you submit any questions you have about specific lesson topics to our experts.
1. The Securities & Exchange Commission: Definition, History & Purpose
The Securities and Exchange Commission is the organization that oversees the accounting industry. In this lesson, the reader will explore the role of the SEC and examine the history and purpose of the organization.
2. The Securities & Exchange Commission: Authority & Jurisdiction
How is the money we put into our 401(k) retirement account protected? Is it safe? The primary responsibility, authority, and jurisdiction of the Securities and Exchange Commission is to make sure our investments are safe.
3. Self-Regulatory Securities Organizations
In this lesson you will learn about self-regulatory organizations such as FINRA and the National Futures Association. This lesson will specifically focus both on how FINRA regulates all firms selling securities and these organizations' roles in preventing securities fraud.
4. Chicago Board Options Exchange: Purpose, Jurisdiction & Authority
The Chicago Board Options Exchange (CBOE) is the largest trading exchange for options and operates options trading exchanges across the world. This lesson discusses the CBOE.
5. Municipal Securities Rulemaking Board: Purpose & Authority
The municipal securities market is a large market. All levels of government are very dependent on raising funds through issuing municipal bonds. This lesson discusses how that market is regulated.
6. Internal Revenue Service (IRS): Definition & History
If you have a job and live in the United States, you've probably heard of the Internal Revenue Service, or the IRS - yes, the tax people. In this lesson, we'll discuss the history, structure, and purpose of the IRS.
7. Department of the Treasury: Purpose, Jurisdiction & Authority
The Treasury Department of the U.S. Government performs many financial and economic functions in directing the U.S. economy and relationships with other countries. Learn about the department in this lesson.
8. What is the Federal Reserve System?
The Federal Reserve System is the central bank in the United States, and is often called ~'the banker's bank~' as well as the ~'lender of last resort.~' Learn about the Federal Reserve System and understand its functions, goals, and power regarding interest rates, the money supply, and other features of our economy.
9. FDIC: Definition, History & Purpose
The Federal Deposit Insurance Corporation (FDIC) exists to protect the deposits of bank customers up to $250,000. In this lesson, learn how and why the FDIC began as well as its purpose. Conclude your lesson with a short quiz to test what you have learned.
10. Securities Investor Protection Corporation: Purpose & Authority
Are you protected from fraud in securities investment? In this lesson, learn the history and purpose of the non-profit, consumer protection organization called the Securities Investor Protection Corporation (SIPC).
11. NASAA: Mission, Jurisdiction & Authority
In this lesson you will learn about North American Securities Administrators Association (NASAA), its mission as an international investor protection organization, and its jurisdiction and authority.
12. State Regulators: Banking, Insurance & Securities
This lesson defines state regulator, describes their authority, and explains the roles of state bank regulators, state insurance regulators, and state securities regulators.
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Other chapters within the SIE Exam Study Guide course
- Federal Laws & Regulations in the Securities Industry
- Market Participants & Structure
- Federal Reserve & Market Impacts
- Economic Factors
- Offerings in the Securities Industry
- Equity Securities
- Debt Instruments
- Options in the Financial Industry
- Investment Companies & Packaged Products
- Municipal Fund Securities
- DPPs, REITs & Hedge Funds
- Exchange-Traded Products (ETPs)
- Overview of Investment Risks
- Trading Orders & Strategies
- Investment Returns & Trade Settlement
- Corporate Actions
- Customer Account Types & Registrations
- Anti-Money Laundering (AML)
- Books, Records & Privacy in Finance
- Public Communications & Suitability Requirements
- Prohibited Activities in the Financial Industry
- Regulatory Framework in the Security Industry