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According to Municipal Securities Rulemaking Board (MSRB) rules, if a municipal securities broker-dealer receives an advisory fee from an issuer, it must notify, in writing, any of its customers purchasing bonds issued by that municipality of

User SeanOB
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Answer:

a)

Step-by-step explanation:

The notice would be of any advisory relationship existing between itself and the issuing municipality. This is because if a broker or dealer has had any advisory relationship with a municipality it is an enforced requirement of the MSRB rules that they disclose all of this information to any and all broker/dealer clients who are trying to purchase securities/bonds that have been officially issued by the municipality as in this scenario.

User Dgolovin
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