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Which of the following is the MOST ACCURATE statement about serf-regulatory organizations (SROs) in the...

Which of the following is the MOST ACCURATE statement about serf-regulatory organizations (SROs) in the securities industry?

A.

An SRO generally has sole regulatory authority over the securities industry in the jurisdiction in which it operates

B.

In most jurisdictions. SROs are prohibited from participating in the resolution of disputes related to securities transactions

C.

An SRO is a governmental entity that exercises regulatory authority over the securities industry in its jurisdiction

D.

In some jurisdictions SROs establish the standards and rules under which members of the securities industry operate

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