Question

A municipal finance professional (MFP) is?

1) an employee of the Municipal Securities Rule Board (MSRB) specializing in seeing that broker-dealers adhere to the MSRB rules and regulations regarding the sales of municipal bonds.
2) employed by a municipality (not elected) to oversee the issuance of municipal bonds.
3) an elected official of a municipality having some decision-making authority regarding who will underwrite the municipality's bonds.
4) an employee of a Financial Industry Regulatory Authority (FINRA) member engaged in municipal security representative activities such as underwriting and trading.

Answer 1

A municipal finance professional (MFP) is an employee of a municipality who oversees the issuance of municipal bonds and ensures compliance with rules and regulations. They work closely with the financial industry but are not elected officials.

Step-by-step explanation:

A municipal finance professional (MFP) is typically an employee of a municipality who oversees the issuance of municipal bonds. They are responsible for ensuring the municipality follows all rules and regulations related to the sales of municipal bonds. They work closely with the financial industry, but are not elected officials and do not have decision-making authority regarding who will underwrite the municipality's bonds.