Series 53: 1.1.8. Municipal Securities Dealer Associations

1.1.8. Municipal Securities Dealer Associations

An association of brokers and dealers, such as FINRA, may not be registered as a national securities association unless the SEC determines that it is meeting the following requirements:

• It must attempt to prevent fraudulent and manipulative acts and practices.

• It must promote just and equitable principles of trade.

• It must attempt to protect investors and the public interest.

• It must have the ability to enforce its m