Some brokers and dealers registered with the SEC do not have to become SIPC members. Which of the firms below need not belong to SIPC?
- Firms whose principal business is conducted outside the United States
- Firms that deal exclusively in the distribution of shares of registered open-end investment companies or unit investment trusts.
- Broker-dealers that deal exclusively in the sale of municipal securities
- Firms that deal exclusively in transactions in security futures products
- I and II
- I and III
- I, II, and III
- I, II, and IV