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SIE: Regulatory Framework
SIE practice questionhardMSRB Rules

Broker-dealers selling municipal securities must adhere to rules established by which body?

  1. ACFTC
  2. BMSRB✓ Correct answer
  3. CFDIC
  4. DFINCEN
Explanation

Why BMSRB

The Municipal Securities Rulemaking Board (MSRB) sets rules for municipal securities dealers. CFTC governs commodities, FDIC insures deposits, and FINCEN oversees anti-money laundering.

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