Which regulatory authority oversees investment banking services in the United States?
Federal Reserve
U.S. Securities and Exchange Commission
Office of the Comptroller of the Currency
Consumer Financial Protection Bureau
Answer
The U.S. Securities and Exchange Commission (SEC) oversees investment banking services in the United States. Investment banking advisors must be licensed broker-dealers and are subject to SEC and Financial Industry Regulatory Authority (FINRA) regulation.
Bank on Your Future: The Ultimate Investment Banking Quiz