SIE Exam Question 438: Answer and Explanation

Question: 438

The document released by the issuer of municipal securities for a primary offering that discloses material information is called the

• A. Red Herring
• B. Prospectus
• C. Official Statement
• D. Preliminary Prospectus

Correct Answer: C

Explanation:

C: This document that is released by the municipal security's issuer is known as the official statement.