Series 54: 1.5.3. Independent Registered Municipal Advisor (IRMA) Exemption

Taken from our Series 54 Online Guide

1.5.3. Independent Registered Municipal Advisor (IRMA) Exemption

If a municipal entity or obligated person has already retained an independent registered municipal advisor (IRMA), then a market participant may provide advice to the entity or person with respect to municipal financial products or the issuance of municipal securities if the following requirements are met:

• The IRMA must be registered with the SEC and must not have been associated with the market participant for at least two years.

• The market participant must receive written notification from the municipal entity or the obligated person that it has retained an IRMA and will rely on the IRMA for advice. The market participant must also have a reasonable basis to belie

+ Read More

More Series 54 Info

What are people saying?

Create an Account

Since you're reading about Series 54: 1.5.3. Independent Registered Municipal Advisor (IRMA) Exemption, you might also be interested in:

SIE - 1.3.4. Transfer of Common Stock

SIE - Callable Preferred Stock

Series 24 - Delivery of a Prospectus for an IPO

Series 66 - 7.7 Regulation of Investment Advisers, Including State-Registered and Federal Covered Advisers

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

The Solomon material was invaluable in helping me pass this exam. The organization of the content, the tests, the video and lecture material, were all exactly on point. Thank you! (Series 54)

Mark Melio, Melio & Company, LLC. Northfield, IL

Thank you, Solomon! I passed the SIE and am now working on Series 7. Coming from a background outside of Wealth Management and Finance, I found this material very user friendly. I regularly used the iPhone app as well as the online material, followed the study guide and took A LOT of practice tests. I am grateful for the team at Solomon with a special call out to Madi B and Jeremy S who gave me additional support whenever I needed it. I look forward to the Series 7 content as I was very impressed with the SIE content.

Jeremy Johnson, RBC Wealth Management. Green Bay, WI

I successfully passed the series 66 test yesterday! I could honestly say it was one of the happiest days of my life! I want to personally thank the excellent staff at Solomon exam prep! They are so knowledgeable and when I asked questions, they always went over the top with explanations and even sometimes creating charts for me to break down the concept. I felt really well served by this group. If you are looking for a company to help you succeed, you have found it Within Solomon exam prep team!

Shirley Antonini. Schuylkill Haven, PA

I just passed the Series 63 and Series 6. I only have Solomon staff and exam prep material to thank. This has been a very challenging experience. Please do yourself a favor and buy Solomon Exam Prep materials. It's made me a believer and you will not regret it!

Dwight Lee, FFS, Los Angeles, CA, Series 6 and 63

I have passed the SIE, Series 63, and Series 65 all on the 1st attempt. Thank you Solomon Exam Prep! The practice tests are great and really prepare you for the real exam.

Gary Kilanowski. Scottsdale, AZ

I stuck to the outline day by day and it really helped me with sticking to a routine and curriculum. I passed the Series 24 on my 1st try! Would definitely recommend this to anyone in the Securities Industry.

Rima Mehta, PNC Investments, Charlotte, NC