Series 6 - Investment Company And Variable Contracts Products Representative Exam

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Which of the following statements about municipal securities is true?

Interest is not tax-free
A
A municipal securities principal must supervise the sale of these products
B
These securities are exempt from registration requirements of the Securities Act of 1934
C
Sales of these plans must be accompanied by a prospectus
D

Explanations

A municipal securities principal must supervise the sales of municipal securities.

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