Series 7 - General Securities Representative Exam
Preview Mode
MSRB Rule G 13 requires that
Quotations published by a dealer should not represent the fair market value of the securities
A
Quotations published by a dealer must represent bona fide bids or offers
B
Quotations distributed by a dealer must not reflect another dealer's quotations accurately
C
Options market makers must provide the bid and ask depth (level 2 depth) for all listed securities at all times
D
Explanations
Quotations distributed or published by a dealer to represent bona fide bids or offers of municipal securities, based upon the dealer’s best judgment of the fair market value of the securities, and prohibits misrepresentation of another dealer’s quotations. This pertains to Municipal Bonds (MSRB) and not options