Chapter One
Understanding the Municipal Advisor Regulatory Framework
The first section of this textbook provides a framework for understanding the rules and regulations that you will need to know to successfully perform your job as a municipal advisor principal. The knowledge in this chapter will allow you to perform the following supervisory tasks:
•Apply SEC and MSRB rules to firm activities
•Recognize the entities that must register as municipal advisors
•Recognize what constitutes municipal advice
•Kn