Series 51: Municipal Fund Disclosures

Taken from our Series 51 Online Guide

Municipal Fund Disclosures

The MSRB requires additional disclosures for municipal fund securities. Municipal fund securities, such as a 529 college savings plan or a local government investment pool, are open-end funds. This means that whenever shares in the fund are purchased, the shares are issued new by the municipal fund. Additionally, when investors wish to sell their securities, they must sell them back to the fund. The fund will then “rede

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