General Securities Sales Supervisor (Series10) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the General Securities Sales Supervisor Exam with flashcards and multiple-choice questions. Each question includes hints and explanations to enhance your learning experience. Get exam-ready today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is required by MSRB Rule G-32 during the transaction of municipal fund securities?

Delivery of Official Statement only
Same-day reporting of trades
Customer must be informed of investment risks
Delivery of amended Official Statement after any purchase

The correct answer is: Delivery of amended Official Statement after any purchase

MSRB Rule G-32 focuses on the requirements for disclosures related to municipal securities transactions. In the context of municipal fund securities, the rule mandates that an amended Official Statement must be delivered to customers when there are changes in the information that could affect their investment decision. This emphasizes the importance of keeping investors adequately informed about any significant changes that could impact the risks or rewards associated with the securities. This requirement ensures transparency and allows investors to make informed decisions based on the most current and accurate information available. The delivery of an amended Official Statement reflects the rule's objective to protect investors by providing them with timely and relevant details about their investments.