Glossary of Municipal Securities Terms


A document summarizing information concerning a broker-dealer’s financial and operational status that a broker-dealer is required to file with its regulatory authority on a periodic basis. Part I (an abbreviated listing of essential data) is filed monthly; Part II (a more detailed reporting including a balance sheet and income statement) is filed quarterly and annually. The term is derived from the acronym for “Financial and Operational Combined Uniform Single” report.

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