MSRB rules allow all of the following when selling a new issue of municipal bonds EXCEPT: A providing a customer with a Preliminary Official Statement if the Final Official Statement is not yet available B disclosing order priority provisions upon the request of customers C orally agreeing to repurchase the bonds at an agreed price D not disclosing the spread on reofferings of competitively bid issues

 C. orally agreeing to repurchase the bonds at an agreed price

Explanation:

The Municipal Securities Rulemaking Board (MSRB) is responsible for making rules relating to the purchasing and sale of municipal bonds. When it comes to the selling of new municipal bond issues, some of those rules include:

   a. Customers should be provided with a preliminary official statement in lieu of a final official statement should that not be available.

    b. The order priority provisions of the issue should be disclosed to the customer on request.

    c. The spread on reofferings of competitive bid issues must not be disclosed.

Option C is not a rule that must be followed and so is the correct answer.

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