Activities of Principals
Only certain principals can oversee certain municipal securities activities. The following table summarizes the activities that each principal can oversee.
|
Which Principal Is Permitted to Do the Following Municipal Securities Tasks? |
||||
|
Municipal Securities Principal (Series 53) |
Municipal Securities Sales Principal (Series 9/10) |
General Securities Principal (Series 24) |
Municipal Fund Securities Principal* (Series 51) |
|
|
*Supervision only applies to activities that solely relate to municipal fund securities. |
||||
|
Review and approve new accounts that will transact in municipal securities |
X |
X |
X |
X |
|
Review accounts that will transact in municipal securities for abuse and irregularities |
X |
X |
X |
|
|
Approve of municipal transactions (final approval of orders) |
X |
X |
||
|
Oversee compliance with applicable MSRB rules |
X |
X |
||
|
Follow up on complaints regarding municipal securities activities |
X |
X |
X |
|
|
Periodically review each office where municipal securities ac | ||||