Series 53: Reciprocal Deals With Municipal Investment Companies

Taken from our Series 53 Online Guide

Reciprocal Deals with Municipal Investment Companies

Broker-dealers may not solicit business with an investment company in return for steering their customers toward buying shares in that investment company. Investment companies include:

  • Mutual funds
  • Closed-end funds
  • ETFs
  • Unit investment trusts
  • Face-amount certificates

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