Series 53: Exercise

Exercise

Answer TRUE or FALSE.

1. TRUE or FALSE. In the sale of additional shares of a municipal fund security to a customer who has already received a copy of the official statement, the underwriter must provide a new copy of the entire official statement because municipal fund securities are always issued new.

2. TRUE or FALSE. An underwriter’s required disclosures to issuers touch on three main areas: the underwriter’s role, compensation, and any conflicts of interest.

Answers

1. FALSE. If a customer has received a copy of the official statement and a dealer sells additional shares to t