The SEC
maintains oversight for the MSRB and enforces MSRB rules. The MSRB is not authorized to regulate municipal bond issuers directly.
Which entity enforces MSRB rules that pertain to NYSE member firms?
Explanation: While the MSRB has rulemaking authority, it has no authority to enforce those rules. The enforcement of the MSRB rules on broker-dealers has been primarily delegated to
FINRA
. Bank regulatory agencies, such as the FRB, enforce the MSRB rules on banks who act as municipal dealers.
Which of the following is primarily responsible for the enforcement of MSRB rules and regulations?
The enforcement agencies for the MSRB are:
Office of the Comptroller of Currency, Federal Deposit Insurance Corporation, and the Federal Reserve Board for bank dealers
that are not registered with FINRA and the SEC and thus are only subject to inspection by the bank regulators; and the SEC and FINRA for registered …
Does the MSRB enforce its own rules?
While the MSRB is the principal regulator of the municipal securities market,
the MSRB does not enforce its rules or conduct compliance examinations
. … The mission of the MSRB is to protect investors, state and local governments, and the public interest, by promoting a fair and efficient municipal securities market.
Which of the following organizations does not enforce MSRB rules?
Which of the following organizations does NOT enforce MSRB rules? …
The SEC and FINRA enforce municipal
regulations for broker-dealers. The Comptroller of the Currency, FRB, and FDIC enforce municipal regulations for dealer banks. The MSRB establishes its rules but has no enforcement powers.
What is MSRB Rule G 37?
MSRB Rule G-37 establishes
several requirements affecting municipal securities broker/dealers
, including limitations on business activities triggered by political contributions, limitations on soliciting or coordinating political contributions, and broker/dealer recordkeeping and disclosure.
What is MSRB reporting?
These reports and report cards
display statistics related to firms' compliance with Municipal Securities Rulemaking Board rules
and other requirements related to municipal securities and the MSRB's Electronic Municipal Market Access website.
Who oversees the SEC?
The SEC is managed by
five commissioners appointed by the president of the United States
. The SEC Commission is designed to be nonpartisan — no more than three commissioners can be from the same political party. The SEC operates offices across the country, with its headquarters in Washington, D.C.
What is fully disclosed firm?
Fully disclosed firms (introducing BDs)
introduce their customer's business to clearing firms
. While the fully disclosed firm can execute transactions for its customers, all functions associated with clearing the transactions, such as accepting cash and securities for delivery, are handled by the clearing firm.
Which of these would not be fully covered by SIPC insurance?
Terms in this set (14) Which of these would not be fully covered by SIPC insurance?
C, Gold is not a security
and is not covered by SIPC. Money markets, ETFs, mutual funds, and junk bonds are all types of securities.
Who is subject to MSRB rules?
The MSRB sets standards and best practices for both issuers and dealers of munis, as well as mandates transparency of information and disclosure on each issue. The MSRB is a self-regulatory organization that monitors its own members and their activities, subject to
SEC oversight
.
What are the MSRB rules?
Under the Act, MSRB rules are to be
designed to prevent fraudulent and manipulative acts and practices; facilitate transactions in the municipal securities and municipal financial products
; remove impediments to and perfect the mechanism of a free and open market in municipal securities and municipal financial products …
What is MSRB Rule G 11?
Background and Regulatory Justification
MSRB Rule G-11, on primary offering practices,
requires brokers, dealers
.
and municipal securities dealers (collectively, “dealers”)
that are. 1 Comments generally are posted on the MSRB's website without change.
What effect will the declaration of a cash dividend have on a company's balance sheet quizlet?
What effect will the declaration of a cash dividend have on a company's balance sheet? When a company declares a cash dividend,
dividends payable (a current liability) is increased by the amount of the announced dividend
. But, remember, the balance sheet must remain balanced.
When a customer purchases securities and fails to pay for them by the payment date the brokerage firm will?
When a customer purchases securities and fails to pay by the Reg T payment date (within 2 business days following settlement), the brokerage firm will
sell out the securities and freeze the account for 90 days
.
Which of the following always trades at discount?
Which of the following always trade at a discount? Although all debt securities may trade at a discount at some point,
Treasury bills
are issued and trade at discounts since they don't have interest coupons.
