Q:
Under MSRB Rules, a municipal representative must undergo an apprenticeship period prior to dealing with the public. What is the length of this period?
a) 180 days
b) 30 days
c) 120 days
d) 90 days
A:

The correct answer is d)
The MSRB requires a 90-day apprenticeship period for a new representative. During this period, the apprentice representative can conduct municipals business with other professionals, but not with the public.


MORE FAQS

  1. Under MSRB rules, which of the following municipal bonds would be quoted on a yield-to-call basis on ...

  2. Which of the following terms are associated with the purchase/redemption of open-end investment company shares?

  3. An IA’s client has a primary goal of tax reduction and a secondary goal of current income. Which investment would be most appropriate?

  4. How do the returns on municipal bonds compare to those of other bonds?

  5. What do cities do with the funds generated from municipal bonds?

  6. How are municipal bonds taxed?

  7. A brokerage customer has $10,000 in securities and a credit balance of $4,000 ...

  8. Which of the following is not needed to calculate the net present value of an investment?

  9. A sales representative solicits and executes a mutual fund trade ...

  10. Your neighbor asks you about Municipal Bonds, you would be correct in telling him all of the following ...

  11. A registered representative has discovered an article in a major news magazine that makes statements ...

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

  13. What is an elimination period?

  14. When does the holding period on a stock dividend start?

  15. Under the Uniform Securities Act, the registration of an investment adviser results in automatic registration ...

  16. Are dividends the best way to make money for retirement?

  17. How many attempts at each CFA exam is a candidate permitted?

  18. What's the average salary of a financial advisor?

  19. Why is Hong Kong considered a tax haven?

  20. Is smart beta cheaper than hedge funds?

RELATED FAQS

  1. Under MSRB rules, which of the following municipal bonds would be quoted on a yield-to-call ...

    The correct answer is b. MSRB rules require that the customer confirmation show the lowest potential yield. In a bond trading ...
  2. Which of the following terms are associated with the purchase/redemption of open-end ...

    A) Forward pricing B) Current business day close C) At the money D) 90-day backdating The correct answer is A.Forward pricing ...
  3. An IA’s client has a primary goal of tax reduction and a secondary goal of current ...

    a. Treasury STRIPS b. Growth stocks c. Fixed annuities d. Municipal bonds Answer: DFixed annuities, growth stocks and STRIPS ...
  4. How do the returns on municipal bonds compare to those of other bonds?

    Learn how tax-free municipal bonds may provide better returns than other types of bonds, and understand the risks of municipal ...
  5. What do cities do with the funds generated from municipal bonds?

    Learn more about municipal bonds, including the various types of bonds issued and the purposes of municipal bond funds, such ...
  6. How are municipal bonds taxed?

    Discover information about trading municipal bonds, specifically the various tax implications municipal bonds have at state ...
RELATED TERMS
  1. Municipal Securities Rulemaking Board - MSRB

    A regulating body that creates rules and policies for investment ...
  2. Series 51

    An exam offered by the Financial Industry Regulatory Authority ...
  3. Municipal Investment Trust

    A type of unit investment trust (UIT) that invests solely in ...
  4. Municipal Bond Fund

    A mutual fund that invests in municipal bonds, or "munis." Municipal ...
  5. Net Debt To Assessed Valuation

    In a municipal bond issue, a ratio measuring the value of the ...
  6. Municipal Bond

    A debt security issued by a state, municipality or county to ...
Hot Definitions
  1. Price Elasticity Of Demand

    A measure of the relationship between a change in the quantity demanded of a particular good and a change in its price. Price ...
  2. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying ...
  3. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Down Round

    A round of financing where investors purchase stock from a company at a lower valuation than the valuation placed upon the ...
  6. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
Trading Center