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What rules govern the purchase and sale of 529 College Savings Plans?

April 26, 2017College Savings govern plans purchase rules sale

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What rules govern the purchase and sale of 529 College Savings Plans?

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The Securities and Exchange Commission (SEC) Division of Market Regulation has stated that certain Section 529 College Savings Plans established by states or local governmental entities are municipal fund securities.1 Accordingly, the purchase and sale of state-sponsored Section 529 Plans are governed by the rules of the Municipal Securities Rulemaking Board (MSRB). 1 See letter dated February 26, 1999 from Catherine McGuire, Chief Counsel, Division of Market Regulation, SEC, to Diane G. Klinke, General Counsel, MSRB.