Exercise
Answer true or false
- 1. True or false: The SEC prohibits dealers from buying or selling any municipal security for which they did not receive an official statement and a pledge of continuing disclosure.
- 2. True or false: For municipal securities that are not municipal fund securities, the underwriter has a commitment to continue to provide amendments to the official statement for the life of the security.
- 3. True or false: Underwriters are required to review the issuer’s disclosure documents in a professional manner for possible inaccuracies and omissions only for negotiated underwritings.
- 4. True or false: The preliminary official statement is a draft for underwriters to review before the final official statement is prepared.
- 5. True or false: The continuing disclosure agr
