Series 50: Municipal Advisors

Taken from our Series 50 Online Guide

Municipal Advisors

Municipal advisors are defined in Section 15B of the Exchange Act. A municipal advisor is any person that provides advice to, or on behalf of, municipal entities or an obligated person. The advice is regarding municipal financial products or the issuance of municipal securities, including advice related to the structure, timing and terms of those products or issues. This includes any advice regarding the investment of proceeds from a municipal issuance. Municipal advisors also include anyone who solicits municipal entities to invest in fin

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