Question

Under MSRB rules, a registered representative that has been given discretionary authority by a customer, needs specific customer authorization to purchase:________ A. Non-investment grade municipal bonds B. Bonds where a control relationship exists between the municipal broker-dealer and the issuer whose bonds are purchased C. Municipal bond unit investment trusts D. Municipal bond option contracts

Answer 1

B.

Step-by-step explanation:

Bonds where a control relationship exists between the municipal broker-dealer and the issuer whose bonds are purchased

The Municipal Securities Rulemaking Board MSRB functions is to write investor protection rules and other rules regulating broker-dealers and banks.