Under the Securities Exchange Act of 1934, which of the following is TRUE regarding the jurisdiction of the SEC over a person who violates the rules of the Municipal Securities Rulemaking Board?
A) The SEC has the authority to investigate such violations only if the person is a financial institution.
B) Only the MSRB has the authority to investigate violations of its rules.
C) The SEC has the authority to investigate such violations unless the person is a financial institution.
D) The SEC has the authority to investigate such violations even if the person is a financial institution.
Answer: C) The SEC has the authority to investigate such violations unless the person is a financial institution.