Which of the following, originally published by Federal Bank and SEC, best describes the guideline that restricts banks from owning or investing in hedge funds and private equity funds and prohibits banks from engaging in certain speculative activities with their own money?

The Volcker Rule is a federal regulation enacted as part of the Dodd-Frank Act of 2010 that prohibits banks from engaging in certain speculative activities with their own money, such as short-term proprietary trading. It also restricts banks from owning or investing in hedge funds and private equity funds, though there are exceptions for activities like market making and underwriting. The rule aims to protect bank customers by preventing banks from taking on the high risks that contributed to the 2008 financial crisis.  • Reg BI or Regulation Best Interest, requires broker-dealers to act in the "best interest" of their retail customers when making recommendations.  • The Sarbanes-Oxley Act of 2002 (SOX) is a U.S. federal law enacted to protect investors by improving the accuracy and reliability of corporate financial disclosures and to prevent accounting scandals.