Series 50: Qualified Legal Opinion

Taken from our Series 50 - MSRB Municipal Advisor Representative Qualification Exam

Definition of the term Qualified Legal Opinion...

an opinion issued by a bond counsel as part of the bond authorization process that indicates that its members do not have complete confidence in the proposed offering.

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I had the Series 50 study guide memorized backwards and forwards, but still found the exam to be extremely difficult. I think the study guide still needs a lot of refining to cover more of the exam content, but I sure as heck wouldn't have passed the exam without it. Found the Solomon study guide to be absolutely necessary, but still in need of considerable improvement.

Delaney Ridgley, Raftelis. Charlotte, NC

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Elizabeth Hill, Bright Bay Advisors, LLC, Long Beach, NY