Series 53: Exercise

Exercise

Answer TRUE or FALSE

1. 1. TRUE or FALSE. In the sale of additional shares of a municipal fund security to a customer who has already received a copy of the official statement, the underwriter must provide a new copy of the entire official statement because municipal fund securities are always issued new.
2. 2. TRUE or FALSE. An underwriter’s required disclosures to issuers touch on three main areas: the underwriter’s role, compensation, and any conflicts of interest.

Answers

1. 1. FALSE. If a customer has received a copy of the official statement and a dealer sells additional shares to that