Which of the Below Statements Is TRUE

question 42

Multiple Choice

Which of the below statements is TRUE?

• A) The basis for the federal government regulation of the stock market resides with the CQS.
• B) The SEC of the NYSE has been responsible for the member regulation, enforcement, and arbitration functions of the NYSE.
• C) All clearance and settlement services for U.S equities market (as well as corporate bonds, municipal bonds, exchange-traded funds, and unit investment trusts trades) are provided by the Consolidated Quotation System (CQS).
• D) After a stock trade is completed, the delivery of the shares by the seller and the payment of cash by the buyer must occur quickly and efficiently.

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Definitions:

Norms

Socially accepted rules or standards that govern the behavior expected in a particular social group or culture.

Compliance

Compliance refers to the act of conforming to a request, demand, or regulation, often influenced by social pressure or authority.

Obedience

The act of following commands or instructions from an authority figure, even sometimes against one's own judgment.

Conformity

The act of aligning one's beliefs, attitudes, and behaviors with group norms or societal standards, often driven by the desire for social acceptance.