Series 53: 5.2. Types Of Municipals Quotes

Taken from our Series 53 Online Guide

5.2. Types of Municipals Quotes

A municipals quotation is a bid to purchase a municipal security or an offer to sell. Quotations come in various types, from firm bids and offers made at a specified price to simple indications of interest. Whatever form they take, they must be bona fide (or good faith) quotations. If a dealer makes a firm offer, it must be ready to sell at that price. If a dealer posts a nominal bid, it must be so labelled.

Another condition of a bona fide bid or offer is fair market value. The price stated i

Since you're reading about Series 53: 5.2. Types Of Municipals Quotes, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 53
Please Enable Javascript
to view this content!