Series 51: Securities Acts Amendments Of 1975

Taken from our Series 51 Online Guide

Securities Acts Amendments of 1975

In 1975 Congress added important amendments to the 1933 and 1934 Acts that heavily impacted the municipal securities world. You will need to remember five critical points from the 1975 amendments:

• Broker-dealers transacting in municipal securities business are required to register with the SEC. Firms that transact business in municipal securities need to register with the SEC as broker-dealers. Banks that deal in municipal securities are also required to register as municipal securities dealers.

• Transacti

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Using Solomon was very helpful. The exam simulator tests were great, but I should have spent a little more time re-reading the chapters. Passed (Series 51) on my first try.

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Jason Smith, Primerica, Duluth, GA

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