Series 52: 8.4.1.1.5. Municipal Securities Disclosure Rule (SEC Rule 15c2-12)

Taken from our Series 52 Top Off Online Guide

8.4.1.1.5.  Municipal Securities Disclosure Rule (SEC Rule 15c2-12)

As you have already learned, Rule 15c2-12 requires dealers, when underwriting new issues of municipal securities, to exact a pledge from the issuer to provide an official statement and a pledge of continuing disclosure. The official statement provides details of the ne

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