General Securities Sales Supervisor (Series10) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the General Securities Sales Supervisor (Series 10) Exam. Enhance your skills with multiple choice questions and explanations. Master your exam with detailed insights and tips!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What must be segregated under MSRB Rule G-8?

All transaction records
Municipal agency and principal order tickets
Individual customer records
All security holdings

The correct answer is: Municipal agency and principal order tickets

Under MSRB Rule G-8, the requirement for segregation specifically pertains to municipal agency and principal order tickets. This rule is aimed at ensuring that proper records are maintained for transactions related to municipal securities, distinguishing between orders placed as an agent versus orders placed as a principal. Segregating municipal agency and principal order tickets helps in accurately tracking the responsibilities and liabilities associated with each type of transaction. By separating these records, firms can provide clarity in their dealings and reporting, which is essential for regulatory compliance and transparency in the municipal securities market. The other options, while they may involve record-keeping, do not denote a specific requirement for segregation under this particular rule, which focuses on the distinct nature of the orders in the context of municipal securities.