What is the US equivalent of the Financial Conduct Authority (FCA)?

What is the US equivalent of the Financial Conduct Authority (FCA)?

• A. Securities and Exchange Commission
• B. Federal Deposit Insurance Corporation
• C. Commodity Futures Trading Commission
• D. Office of the Comptroller of the Currency

Answer: (A)

Regulating securities markets and protecting investors across jurisdictions is the idea being tested. The US body that plays the closest role to the FCA in this area is the Securities and Exchange Commission. It regulates and oversees securities markets, registers and supervises brokers and investment advisers, and enforces rules to keep markets fair and transparent and to protect investors. The other agencies focus on different areas: the FDIC deals with bank deposits and bank supervision, the CFTC oversees futures and commodities, and the OCC charters and supervises national banks. So for overseeing securities markets and investor protection, the Securities and Exchange Commission is the best fit.

Regulating securities markets and protecting investors across jurisdictions is the idea being tested. The US body that plays the closest role to the FCA in this area is the Securities and Exchange Commission. It regulates and oversees securities markets, registers and supervises brokers and investment advisers, and enforces rules to keep markets fair and transparent and to protect investors. The other agencies focus on different areas: the FDIC deals with bank deposits and bank supervision, the CFTC oversees futures and commodities, and the OCC charters and supervises national banks. So for overseeing securities markets and investor protection, the Securities and Exchange Commission is the best fit.