Filed Under:

Which of the following BEST describes the requirements for advertisements of new municipal securities issues?

A. They may not be misleading, in whole or in part.
B. They must take context, clarity and intended audience into consideration.
C. They may make predictions and projections solely as hypothetical illustrations of mathematical principles.
D. They should indicate that the securities for sale might be available at a price or yield different from that shown.



Correct answer: D
The others describe investment company products, U.S. government securities and other investment instruments, not municipal bonds.

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