Series 54: 1.6.1.2. Investment Adviser Exclusion

Taken from our Series 54 Online Guide

1.6.1.2. Investment Adviser Exclusion

Note that the term “municipal advisor” does not include registered investment advisers. According to the Securities Exchange Act, registered investment advisers are excluded from having to register as long as they don’t provide the following types of advice to the municipality:

Advice concerning whether and how to issue municipal securities

Advice concerning the structure, timing, and terms of an issuance of municipal securities and other similar matters

Advice concerning municipal derivatives

Advice related to the solicitat

Since you're reading about Series 54: 1.6.1.2. Investment Adviser Exclusion, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 54
Please Enable Javascript
to view this content!