SIE Exam Question 657: Answer and Explanation

Question: 657

Which of the following acts established the policies and procedures commonly referred to as a "Chinese wall"?

• A. Uniform Securities Act of 1956
• B. Bank Secrecy Act of 1970
• C. Insider Trading and Securities Fraud Enforcement Act of 1988
• D. Sarbanes-Oxley Act of 2002

Correct Answer: C

Explanation:

The Insider Trading and Securities Fraud Enforcement Act of 1988 established the policies and procedures commonly referred to as a "Chinese wall."