Series 79 practice questionmediumBroker-Dealer Registration
A bank wants to engage in municipal securities activities, advising municipalities on bond issuances. What additional registration is required for the bank?
- AOnly an investment adviser registration
- BMunicipal advisor registration with the SEC✓ Correct answer
- CNo additional registration is required if the bank is already a broker-dealer
- DCommodities pool operator registration
Explanation
Why B — Municipal advisor registration with the SEC
Banks providing advice on municipal securities must register as municipal advisors with the SEC. The other options are incorrect or incomplete for this specialized activity.
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