Series 52: Exercise

Exercise

Answer true or false.

1. 1. True or false. Municipal securities dealers are required to register with either the SEC or MSRB.
2. 2. True or false. The person designated as the broker-dealer’s primary electronic mail contact must be a registered principal.
3. 3. True or false. Municipal securities dealers are required to pay an annual fee of $100 to the MSRB.
4. 4. True or false. If a broker-dealer ceases to conduct municipal securities transactions, it need not take any further action with the MSRB.
5. 5. True or false. After the SEC receives a broker-dealer’s application, assuming no problems, registration with the SEC will generally be effective within 45 days.

Answers

1. 1. False. Municipal securities dealers are required to register with both the SEC and MSRB.
2. 2. True. Broker-dealers must maintain an internet electronic mail account