SIE Exam Question 404: Answer and Explanation

Question: 404

Many folks living across the country choose to participate in their state's 529 college savings plan. These investment programs are generally referred to by FINRA as:

  • A. municipal fund securities
  • B. LGIPs
  • C. pre-paid tuition plans
  • D. UGMA or UTMA

Correct Answer: A

Explanation:

A: The 529 plans are considered by the SEC and FINRA to be municipal fund securities.

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