The Primary Function of the Security Investor Protection Corporation (SIPC)

question 47

Multiple Choice

The primary function of the Security Investor Protection Corporation (SIPC) is to

• A)investigate member securities firms.
• B)regulate member securities firms.
• C)prosecute cases of fraud within securities firms.
• D)oversee accounting practices of securities firms and investment banks.
• E)Restore customer cash and securities of bankrupt or insolvent securities firms.

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Definitions:

Conformity Causes

Factors that lead individuals to change their attitudes, beliefs, or behaviors to align with group norms or expectations.

Laughed At

being the subject of amusement or ridicule by others, often leading to feelings of embarrassment or humiliation.

Correct

Conforming to fact or truth; free from error, accurate or precise.

Asch Studies

A series of psychological experiments conducted by Solomon Asch studying if and how individuals yielded to or defied a majority group and the effect of such influences on beliefs and opinions.