Question

A municipal securities firm is hosting an event in its suite at a football game in the city where the firm is headquartered. A registered representative wants to invite an individual to join him in the suite to watch the game. The individual works for the municipality, and has worked with the registered representative on previous bond underwriting deals for the municipality. The ticket to the game is worth $250. Which statement is TRUE about this?

A. Giving the ticket to the game to this individual violates the MSRB $100 gift limit
B. This individual can be given the ticket because it has a de minimis value under the MSRB Political Contribution rule
C. This individual can be given the ticket because the firm is hosting the event and it is acceptable to invite a business client
D. This individual cannot be given the ticket because it is a conflict of interest

Answer 1

Answer: This individual can be given the ticket because the firm is hosting the event and it is acceptable to invite a business client.

Step-by-step explanation:

A municipal security is simply a security that is being ssued by either the government or its agency.

With regards to the information provided in the question, the true statement is that the individual can be given the ticket because the firm is hosting the event and it is acceptable to invite a business client.