SIE practice questionmediumMSRB Rules
Which entity sets rules for broker-dealers and banks dealing in municipal securities?
- AMunicipal Securities Rulemaking Board (MSRB)✓ Correct answer
- BFINRA
- CSIPC
- DFederal Reserve Board
Explanation
Why A — Municipal Securities Rulemaking Board (MSRB)
The MSRB is responsible for rulemaking for muni securities dealers. FINRA enforces MSRB rules, SIPC insures securities accounts, and the Fed does not regulate municipal dealers.
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