Which organization is involved in advocating for pro-investor policies?

The correct choice is NASAA, which stands for the North American Securities Administrators Association. This organization is specifically dedicated to advocating for the interests of investors at both the state and provincial levels. NASAA's mission includes promoting investor protection and ensuring that securities laws are enforced effectively. It collaborates with various agencies to enhance the regulatory framework and improve education regarding investment risks, thereby working actively on pro-investor policies.

While the SEC (Securities and Exchange Commission) primarily oversees the securities industry at the federal level and enforces securities laws, its main role is regulatory rather than advocacy-focused. FINRA (Financial Industry Regulatory Authority) serves as a self-regulatory organization that oversees brokerage firms and exchange markets, primarily focusing on maintaining fairness and transparency in the industry. The SIPC (Securities Investor Protection Corporation) provides limited protection to clients of securities firms that failed, but it does not advocate for pro-investor policies in the same way that NASAA does. Thus, NASAA stands out as the organization explicitly focused on advocating for the rights and protections of investors.