Am I prohibited from selling 529 Plans if my firm or its associated persons make certain political contributions?
It depends on the specific facts and circumstances. In general, if a firm is involved in negotiated underwriting or financial advisory work for a municipal issuer and certain political contributions have been made to officials of that issuer, then the firm would be prohibited from such activity with this issuer for two years. Therefore, if certain political contributions have been made to an issuer official for a 529 Plan, your firm may be precluded from serving as a primary distributor of that 529 Plan. However, you may be able to continue selling the 529 Plan if your sales activities are limited solely in the capacity of a selling dealer rather than as a primary distributor.
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