Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are the principal regulator(s) of: a. Credit unions National Credit Union Administration regulates credit unions. b. Hedge funds Securities Exchange Commission (SEC) and Financial


What are the principal regulator(s) of:

a. Credit unions

National Credit Union Administration regulates credit unions.

b. Hedge funds

Securities Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulate hedge funds

c. Insurance companies

Each state has a Department, Division or Office of insurance that regulates insurance companies in that state. There is no federal regulatory body for insurance companies

d. Commercial banks

Banks are primarily regulated by the Federal Reserve

e. Securities firms

f. Mutual funds

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided b... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

3rd edition

9780077506902, 78025540, 77506901, 978-0078025549

More Books

Students also viewed these Finance questions

Question

How flying airoplane?

Answered: 1 week ago