Question

Municipal Securities Rule Board (MSRB) and Financial Industry Regulatory Authority (FINRA) rules specifically deter gaining political favor via contributions made to candidates, officials, or political parties. As such, if a political contribution is made to any of these entities then under the act, the firm may not provide advisory services to any government these individuals or parties represent for how long?

A) six months
B) five years
C) three years
D) two years

Answer 1

Under the act, if a political contribution is made to the MSRB or FINRA, the firm may not provide advisory services to any government these individuals or parties represent for two years.

Step-by-step explanation:

According to the Municipal Securities Rule Board (MSRB) and Financial Industry Regulatory Authority (FINRA) rules, if a political contribution is made to these entities, the firm may not provide advisory services to any government these individuals or parties represent for two years.