All of the following statements regarding municipal bond official statements are true EXCEPT:
A) all retail purchasers of a new municipal bond issue must receive a final official statement.
B) a retail customer must receive an official statement no later than the settlement date.
C) the MSRB does not require the preparation of a final official statement for new municipal bond issues.
D) an official statement must be delivered only upon request of a retail customer.
Answer: D) an official statement must be delivered only upon request of a retail customer.