Series 79 practice questioneasyMunicipal Securities
Which regulator primarily writes rules for municipal securities dealers?
- AThe FASB
- BThe MSRB✓ Correct answer
- CThe CFTC
- DThe IRS exclusively
Explanation
Why B — The MSRB
The MSRB The Municipal Securities Rulemaking Board sets rules for broker-dealers and banks involved in municipal securities activity. FINRA and the SEC also play oversight roles, but the MSRB is the specialized rulemaking body.
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