Series 52: Exercise

Exercise

Fill in the blank

1. 1. The _____ is known as the “People Act.”
2. 2. The _____ is known as the “Paper Act.”

Answer true or false

1. 3. True or false. The antifraud provisions of the Securities Acts apply only to municipal securities sold in the secondary market.
2. 4. True or false. MSRB rules are guidelines that do not have the force and effect of federal law.
3. 5. True or false. The MSRB lacks the authority to enforce its rules.
4. 6. True or false. The MSRB l