SIE Exam Question 908: Answer and Explanation

Question: 908

Which of the following acts allowed for the establishment of the National Association of Securities Dealers (NASD) and the U.S. domestic over-the-counter markets in securities?

• A. Maloney Act of 1938
• B. Trust Indenture Act of 1939
• C. Investment Company Act of 1940
• D. Uniform Securities Act of 1956

Correct Answer: A

Explanation:

The Maloney Act of 1938 allowed for the establishment of the National Association of Securities Dealers (NASD) and the U.S. domestic over-the-counter markets in securities.