Series 53: 3.3.4. Reciprocal Deals With Municipal Investment Companies

Taken from our Series 53 Online Guide

3.3.4. Reciprocal Deals with Municipal Investment Companies

Broker-dealers may not solicit business with an investment company in return for steering their customers toward buying shares in that investment company. Investment companies include:

Mutual funds

Closed-end funds

ETFs

Unit investment trusts

Face-amount certificates

Investment companies

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