A person with no prior industry experience is hired by a municipal dealer to work as a clerk in its back office. Three months later this person is promoted to the firms sales desk to be trained in institutional sales. Under MSRB rules they are:
A) required to serve a 30-day apprenticeship and may not yet be promoted to sales training.
B) required to serve a 60-day apprenticeship and having fulfilled that time may be promoted to sales training.
C) required to have been in the position with the employing firm at least one year when previously employed in a clerical capacity only.
D) not required to serve an apprenticeship period and may be promoted for sales training.
Answer: D) not required to serve an apprenticeship period and may be promoted for sales training.