Series 24 Exam Question

Here is a great series 24 exam question :

An MFP donates $2,500 to a candidate in an election where they are not able to vote. The candidate running for municipal office is an old college friend of the MFP. Which of the following is true?



A) The employing firm has no restrictions due to the relationship between the MFP and the candidate.

B) If the employing firm wants to bid on an offering in that municipality it must get prior permission from FINRA.

C) The firm is restricted from bidding on offerings in that municipality for 2 years.

D) The firm is restricted from bidding on offerings in that municipality for 270 days.

Anser:

(C) The firm is restricted from bidding on offerings is that municipality for 2 years because the donation was greater than $250 and the MFP making the donation can not vote in the election.

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