Question

A broker's records must be available for inspection during business hours. who inspects the records?

Answer 1

Broker's records are inspected by entities like the Securities and Exchange Commission (SEC) and self-regulatory organizations such as FINRA to ensure regulatory compliance.

Step-by-step explanation:

Broker's records are subject to inspection to ensure compliance with regulations governing financial activities. These records are typically inspected by regulatory bodies such as the Securities and Exchange Commission (SEC) in the United States, which regulates and supervises the sale of securities, as well as the brokers, dealers, and bankers who sell them. State securities regulators may also have the authority to inspect these records. Moreover, self-regulatory organizations like the Financial Industry Regulatory Authority (FINRA) also conduct examinations of brokers and their records to ensure they comply with industry standards and regulations.

Answer 2

The one responsible for inspecting the records for inspection during business hours is the commission. The commission is being defined as a person with authority or given authority in regards to working conditions in which they are responsible for inspecting the broker's records.