Which of the following persons establishes positions in secondary market municipal bonds for a broker dealer?

Q: What is a municipal securities broker?

municipal securities in what is referred to as the. secondary market.” These investors can be individuals, institutional investors as well as broker-dealers acting. on behalf of their customers or trading for their own.

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Regulation & Compliance
- Rules and Interpretive Guidance
- Requests for Comment
- Notices
- SEC Filings
- Interpretive Guidance
- Compliance Resources
- All Regulatory Documents
- Submit Data & Disclosures
- Registering with the MSRB
- Professional Qualification
- Find a Registered Firm or Professional
- Fees & Bill Payment
- More
Data & Research
- Market Data and Research Publications
- Data Subscriptions
- Data for Academics
- About EMMA
- About EMMA Labs
- More
Education Center
- Bond Basics
- Using EMMA
- Compliance Resources
- Market Trends
- Podcasts
- Publications
- Videos
- Webinars
- All Educational Resources
News & Events
- Press Releases
- Events
- On-Demand Webinars
- Media Resources
- Newsletters
- Articles, Letters and Commentary
- Speeches
- Email Subscriptions
- More
About Us
- Vision, Mission and Values
- Diversity, Equity and Inclusion
- About the Board
- Board of Directors
- Senior Leadership
- Careers
- Mission Areas
- Corporate Publications
- Resources for Policymakers
- Reference Materials

Bill Payment
Check MA Qualifications
Gateway Login
Glossary of Terms
Investor Brochure
MSRB Manuals and Specifications
Municipal Advisory Client Brochure
Registered Firms and Professionals
Registering with the MSRB
Submit Data and Disclosures
Subscription Services and Products

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Is there a secondary market for municipal bonds?

The secondary market of municipal bonds is in the over-the-counter (OTC) market, so many of the rules governing OTC transactions also govern municipal bond transactions. Municipal bonds are priced on a yield-to-maturity basis rather than a dollar price, which is called a basis quote.

Who can issue municipal bonds?

Whenever the local government body wants to raise funds, they issue these bonds. These bonds come with a fixed maturity period and investors earn a fixed interest rate on them. Also, there are short-term bonds that have a maturity between one to three years and long-term bonds have a maturity of up to ten years.

When an issuer of municipal bonds appoints a dealer to purchase and sell the bonds it is?

a negotiated sale. (In a negotiated sale, the issuer of municipal bonds appoints a dealer to purchase and sell the bonds. The competitive sale is one where dealers submit bids and the best bid wins the bond issue.)

What is a municipal securities broker?

municipal securities in what is referred to as the. “secondary market.” These investors can be individuals, institutional investors as well as broker-dealers acting. on behalf of their customers or trading for their own.