SIE Exam Question 616: Answer and Explanation

Question: 616

Which of the following has the mission of protecting investors, municipal entities, and the public interest by promoting a fair and efficient municipal market, regulating firms that engage in municipal securities and advisory activities, and promoting market transparency?

• A. AMBAC
• B. FNMA
• C. GNMA
• D. MSRB

Correct Answer: D

Explanation:

The MSRB (Municipal Securities Rulemaking Board) has the mission of protecting investors, municipal entities, and the public interest by promoting a fair and efficient municipal market, regulating firms that engage in municipal securities and advisory activities, and promoting market transparency.