Statements which are true concerning the MSRB Code of Arbitration are that it:

(A) Does not apply if the parties agree to settle the dispute.

(B) Parallels the arbitration code of FINRA.

(C) Can be invoked by a municipal securities professional against a non-municipal securities professional with or without an arbitration agreement.

(D) Applies to claims and disputes arising from both municipal and non-municipal securities activities.

Question

Social Studies

Tater

13 October, 02:04

Statements which are true concerning the MSRB Code of Arbitration are that it:

(A) Does not apply if the parties agree to settle the dispute.

(B) Parallels the arbitration code of FINRA.

(C) Can be invoked by a municipal securities professional against a non-municipal securities professional with or without an arbitration agreement.

(D) Applies to claims and disputes arising from both municipal and non-municipal securities activities.

+3

Answers (1)

Know the Answer?

Bryan Dean · Answer 1

A and B are correct

Explanation:

Option C states that the MSRB can be invoked by a municipal securities professional against a non-municipal securities professional with or without an arbitration agreement, however the correct thing is that it can only be invoked against a non-municipal securities professional as long as there exist an arbitration agreement. Hence Option C is wrong.

Option D states that it applies to claims and dispute from both municipal and non-municipal securities activities, when in real sense it only applies to municipal securities disputes.

Option A and B are therefore the only correct options.