5 Questions
The city of Los Angeles is issuing 20-year GO bonds at 8%. MSRB rules regarding this underwriting may be enforced by all of the following regulators except
the MSRB
Registered representative Thomas Jones has been found by a Department of Enforcement hearing to have violated the Code of Procedure. He believes that the hearing panel did not have all the facts and wants to appeal the ruling. His appeal goes to
the National Adjudicatory Council
An arbitration panel has found that Seacoast Securities owes $7,500 to its customer Greg Garcia. Seacoast does not believe that the panel ruled correctly and desires to appeal the ruling. Such an appeal is
not possible; there is no appeal to an arbitration award
All of the following records must be retained indefinitely except
customer ledgers
A written customer complaint is retained
for four years
Test your knowledge on MSRB rules governing the underwriting of municipal bonds. See if you can identify which regulators can enforce these rules in this scenario of Los Angeles issuing 20-year GO bonds at 8%.
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