Series 53: Control Relationships Must Be Acknowledged (MSRB Rule G-22)

Taken from our Series 53 Online Guide

Control Relationships Must Be Acknowledged (MSRB Rule G-22)

A control relationship, with respect to a municipal security, exists when a broker-dealer controls, is controlled by, or is under common control with the issuer of the security.

For all customer accounts, broker-dealers may not conduct municipal security transactions in those accounts unless they first disclose to the customers the nature of the control relationship. The dealer should disclose the con

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