Series 53: Municipal Advisors

Taken from our Series 53 Online Guide

Municipal Advisors

In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act required municipal advisors to be registered with the SEC. The term municipal advisor was defined in the Act to address concerns that the advisors of municipalities were providing important public financing advice without any oversight. Now municipal advisors are subject to many of the same rules as municipal securities dealers.

Municipal advisors provide financial advice to, or on behalf of, municipal entities. Municipal advisor activities include:

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Solomon Exam Prep Study Materials for the Series 53
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