Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: North American Securities Administrators Association | Statement: [Series 65 exam, sponsoredBy, North American Securities Administrators Association]

Target entity: North American Securities Administrators Association
Context triple: [Series 65 exam, sponsoredBy, North American Securities Administrators Association]

• A. National Association of Securities Dealers
  The National Association of Securities Dealers (NASD) was a self-regulatory organization that oversaw U.S. broker-dealers and securities markets before its regulatory functions were consolidated into the Financial Industry Regulatory Authority (FINRA).
• B. International Organization of Securities Commissions
  The International Organization of Securities Commissions (IOSCO) is a global standard-setting body that brings together securities regulators from around the world to develop and promote high standards for securities markets and investor protection.
• C. Securities and Exchange Commission
  The Securities and Exchange Commission is the U.S. federal agency responsible for regulating securities markets, enforcing securities laws, and protecting investors.
• D. Investment Adviser Registration Depository
  The Investment Adviser Registration Depository (IARD) is an electronic filing system operated by FINRA that facilitates the registration, filing, and public disclosure of information about investment advisers in the United States.
• E. FINRA
  FINRA is a U.S. self-regulatory organization that oversees brokerage firms and exchange markets to protect investors and maintain market integrity.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: North American Securities Administrators Association
Triple: [Series 65 exam, sponsoredBy, North American Securities Administrators Association]

The North American Securities Administrators Association (NASAA) is a voluntary organization of state, provincial, and territorial securities regulators in the United States, Canada, and Mexico that works to protect investors and oversee the securities industry at the local level.

Target entity: North American Securities Administrators Association
Target entity description: The North American Securities Administrators Association (NASAA) is a voluntary organization of state, provincial, and territorial securities regulators in the United States, Canada, and Mexico that works to protect investors and oversee the securities industry at the local level.

• A. National Association of Securities Dealers
  The National Association of Securities Dealers (NASD) was a self-regulatory organization that oversaw U.S. broker-dealers and securities markets before its regulatory functions were consolidated into the Financial Industry Regulatory Authority (FINRA).
• B. International Organization of Securities Commissions
  The International Organization of Securities Commissions (IOSCO) is a global standard-setting body that brings together securities regulators from around the world to develop and promote high standards for securities markets and investor protection.
• C. Securities and Exchange Commission
  The Securities and Exchange Commission is the U.S. federal agency responsible for regulating securities markets, enforcing securities laws, and protecting investors.
• D. Investment Adviser Registration Depository
  The Investment Adviser Registration Depository (IARD) is an electronic filing system operated by FINRA that facilitates the registration, filing, and public disclosure of information about investment advisers in the United States.
• E. FINRA
  FINRA is a U.S. self-regulatory organization that oversees brokerage firms and exchange markets to protect investors and maintain market integrity.
• F. None of above. chosen