FINRA General Securities Representative SIE Question # 6 Topic 1 Discussion
SIE Exam Topic 1 Question 6 Discussion:
Question #: 6
Topic #: 1
A municipal securities dealer makes a political contribution of $990 to a local mayoral candidate. At the end of the quarter, to whom, if anyone, must the dealer report the contribution?
A.
SEC
B.
MSRB
C.
FINRA
D.
No disclosure required as the amount is below the reporting threshold
MSRB Rule G-37: Requires municipal securities dealers to report contributions to the MSRB, even if the amount is below the $1,000 threshold that would trigger a two-year prohibition on municipal business.
Incorrect Options:
SEC and FINRA: Not involved in reporting political contributions for municipal securities.
Chosen Answer:
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