2.5.5.3. MFPs and MAPs
Municipal advisor professionals (MAPs) include:
• Municipal Advisor Representatives—associated persons engaged in municipal advisory activities (not including clerical or ministerial functions) (Recall that the Series 50 is required.)
• Municipal advisor solicitors—associated persons who solicit business from municipal entities on behalf of the municipal advisor (or a dealer in the case of a third-party solicitor)
• Municipal Advisor Principals—principals who manage Municipal Advisor Representatives
• Dealer supervisory chain persons—any associated persons who supervise a municipal advisor principal, up to and including the CEO
• Members of a dealer’s executive or management committee (i.e., municipal advisor executive officers)
A non-MAP executive officer is an executive who does not supervise any municipal advisor professionals.
Municipal finance professionals (MFPs) include:
• Municipal finance representatives—ass