SIE practice questionhardMSRB Rules
A municipal securities dealer fails to disclose all material facts about a new municipal bond offering to a retail client. The dealer has violated rules of which regulator?
- ACFTC
- BFederal Reserve
- CFDIC
- DMSRB✓ Correct answer
Explanation
Why D — MSRB
MSRB requires disclosure of material facts in municipal security sales. The Fed governs monetary policy, FDIC insures bank deposits, and CFTC regulates commodities, not municipal bonds.
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