Question

Where should reports on Political Contributions be sent to MSRB?

1) To the local government office
2) To the Federal Election Commission
3) To the Securities and Exchange Commission
4) To the Municipal Securities Rulemaking Board

Answer 1

Reports on Political Contributions should be sent to the Municipal Securities Rulemaking Board (MSRB), not to the local government office, Federal Election Commission (FEC), or Securities and Exchange Commission (SEC). The MSRB focuses on municipal securities transactions and advisors while the FEC handles federal campaign contributions, and the SEC regulates the investment industry.

Step-by-step explanation:

Reports on Political Contributions should be sent to the Municipal Securities Rulemaking Board (MSRB). The MSRB sets rules and policies for municipal securities transactions and municipal advisors, including reporting requirements for political contributions. While the Federal Election Commission (FEC) oversees campaign contributions at the federal level, contributing to federal campaigns and reporting those contributions are distinct from the MSRB's domain, which is specific to municipal securities.

The FEC is responsible for collecting information about campaign contributions and expenditures for candidates and political committees during federal election cycles. Similarly, the Securities and Exchange Commission (SEC) oversees the investment industry and regulates disclosures of publicly traded securities but does not handle political contribution reports.