Bank Dealers
According to the MSRB, a bank dealer is a municipal securities dealer that is a bank or a separately identifiable department or division of a bank engaged in municipal securities dealer activities. Activities of a bank that constitute municipal securities dealer activities include:
•Underwriting, trading, or sales of municipal securities
•Financial advisory or consultant services for issuers in connection with the issuance of municipal securities
•Processing or clearance activities with respect to municipal securi