Series 53: 5.2.1. Firm Quotations

Taken from our Series 53 Online Guide

5.2.1. Firm Quotations

All quotations distributed or published by a municipal securities dealer must be firm quotations, also called bona fide quotations, unless the dealer specifies otherwise at the time it distributes or publishes the quotation. Whichever phrase is used, the quotation must be both firm and bona fide. A quotation is firm when the dealer stands ready to buy or sell at

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