Definitions of Terms Used in the Rules and Regulations 1. As used in the rules and regulations adopted by the Commission under the Codeunless the context otherwise requires:
Investor Education Municipal securities, or "munis," are bonds issued by states, cities, counties and other governmental entities to raise money to build roads, schools and a host of other projects for the public good. Municipal securities pay a specified amount of interest usually semiannually and return the principal to you on a specific maturity date.
A firm that engages in municipal securities business or municipal advisory activities must register with the Municipal Securities Rulemaking Board MSRB. Municipal securities firms are subject to MSRB rules, which cover issues that include, but are not limited to, the following: Suitability - Firms recommending municipal securities must have reasonable grounds for believing that the securities are suitable for the customer.
Disclosures - Firms must disclose all material facts and risks surrounding a municipal securities transaction before or at the time of trade. Unlike suitability, this obligation exists whether or not the trade is recommended. Pricing - Firms must trade with customers at fair and reasonable prices, considering all relevant factors.
Supervision - Firms must supervise their municipal securities business, and they must have adequate policies and procedures in place for monitoring the effectiveness of their supervisory systems.
Rules for municipal advisors include, but are not limited to, the following: Fair Dealing - Municipal advisors must deal fairly with all persons and not engage in any deceptive, dishonest, or unfair practice. Standards of Conduct - Under the Securities Exchange Act ofmunicipal advisors are deemed to owe a fiduciary obligation to their municipal entity clients.
MSRB rules define the specific conduct requirements of municipal advisors with respect to their fiduciary obligations.
|BREAKING DOWN 'Underwriting Agreement'||A firm commitment underwriting agreement is the most desirable for the issuer because it guarantees them all of their money right away. The more in demand the offering is, the more likely it is that it will be done on a firm commitment basis.|
|What is 'Underwriting Agreement'||Since beginning his career inhe has offered an infinite amount of innovation, inspiration and management finesse to businesses such as The Rockville Centre, Delta Equities Services Corp. McKenzie specializes in equity management and boasts an extensive knowledge of retail, wholesale advisory, and global capital markets.|
|Underwriting - Wikipedia||In accordance with the authorization granted by the Board of Directors, or a committee thereof, of Google Inc.|
|Disclosure of Personal Data||The purpose of the underwriting agreement is to ensure that all of the players understand their responsibility in the process, thus minimizing potential conflict. A firm commitment underwriting agreement is the most desirable for the issuer because it guarantees them all of their money right away.|
|Representations and Warranties of the Company.|
This includes the following qualification exams:An underwriting agreement is a formal document created between a syndicate of investment bankers, who are part of an underwriting group, and a corporation which is responsible for issuing new securities. A firm commitment underwriting agreement is the most desirable for the issuer because it guarantees them all of their money right away.
Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. Securities Commission.
The Securities Commission, a division of the West Virginia State Auditor’s Office, administers and enforces The West Virginia Uniform Securities Act, The West Virginia Commodities Act, The West Virginia Real Estate Time-Sharing Act, and all associated regulations.
The term “exchange” means any organization, association, or group of persons, whether incorporated or unincorporated, which constitutes, maintains, or provides a market place or facilities for bringing together purchasers and sellers of securities or for otherwise performing with respect to securities the functions commonly performed by a stock exchange as that term is generally understood.
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