About This Chapter
Understanding Municipal Fund Securities - Chapter Summary
By taking advantage of these lessons, you can quickly deepen your understanding of municipal fund securities. For example, experts go over how local government investment pools work. Tax consequences of unqualified withdrawals from mutual fund securities are also covered in this chapter. After reviewing the lessons, you should be ready to:
- Provide examples of municipal fund securities
- Explain how 529 prepaid tuition plans work
- Describe tax benefits of ABLE accounts
- Recall different types of local government investment pools
- List changes that can be made to mutual fund securities
- Discuss MSRB Rules D-12 and G-45
Our professional instructors are highly adept at helping you better understand municipal fund securities. There's a short quiz available for each lesson, and the quizzes can be printed to study offline. To stay organized, you can track your quiz results from your personal dashboard.
1. Mutual Fund Securities: Definition & Examples
Mutual funds are an investment vehicle for smaller investors, and provide investment diversity, albeit at a higher fee. This lesson discusses mutual funds generally and different types of funds.
2. 529 Prepaid Tuition Plans: Definition & Overview
The 529 Prepaid Tuition Plans offer tax benefits and allow individuals to lock in future college expenses at today's rates. This lesson will explain what the 529 Prepaid Tuition Plans are, how they work, and what they cover.
3. Local Government Investment Pools (LGIPs): Definition & Types
Local government investment pools are a means for local governments to invest excess tax revenues in a fund that will be liquid but provide the government additional income until the money is needed.
4. ABLE Accounts: Definition & Overview
ABLE accounts are accounts set up to provide for the care of a seriously disabled person. An ABLE account allows for contributions for the care of the disabled person to be invested tax free for future needs.
5. MSRB Rules Related to Mutual Securities
Rule D-12 was added by the Municipal Securities Rulemaking Board (MSRB) in 2000 to provide regulations for municipal fund securities and to establish reporting requirements as defined by Form G-45. This lesson provides an overview of MSRB Rules D-12 and G-45.
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Other chapters within the Series 6 Exam: Study Guide & Practice course
- Financial Advertising & Communications With the Public
- Describing Investment Products & Services
- Disclosing Financial Account Types & Restrictions
- Understanding Retirement Plans & Tax Advantaged Accounts
- Obtaining Basic Customer Information & Documentation
- Obtaining Customer Investment Profile Information
- Obtaining Supervisory Approvals for Investment Accounts
- Analyzing Investment Portfolios & Financial Statements
- Types of Underlying Securities
- Understanding Funds, Trusts & Investment Companies
- Variable Life Insurance & Annuity Contracts
- Tax Treatment of Investment Profiles
- Disclosing Investment Product Information
- Updating Investment Customers & Retaining Customer Records
- Processing & Confirming Financial Transactions
- Resolving Investment Disputes & Customer Complaints