MSRB regulates which combination of market participants?

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Multiple Choice

MSRB regulates which combination of market participants?

Explanation:
MSRB rules apply to the entities that actually deal in municipal securities—the firms and banks that underwrite, trade, or advise on these securities. That includes municipal bank dealers (banks that participate in municipal offerings), municipal brokers (brokers that trade municipal securities), and municipal dealers (firms that buy and sell municipal securities in the ordinary course). The MSRB does not regulate municipal issuers themselves, but the market participants who handle the securities. So the correct combination is the trio of municipal bank dealers, municipal brokers, and municipal dealers, since it covers all the types of participants the MSRB regulates. The other options either omit one of these participant categories or incorrectly include issuers, which are outside the MSRB’s scope.

MSRB rules apply to the entities that actually deal in municipal securities—the firms and banks that underwrite, trade, or advise on these securities. That includes municipal bank dealers (banks that participate in municipal offerings), municipal brokers (brokers that trade municipal securities), and municipal dealers (firms that buy and sell municipal securities in the ordinary course). The MSRB does not regulate municipal issuers themselves, but the market participants who handle the securities. So the correct combination is the trio of municipal bank dealers, municipal brokers, and municipal dealers, since it covers all the types of participants the MSRB regulates. The other options either omit one of these participant categories or incorrectly include issuers, which are outside the MSRB’s scope.

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