Series 54: 3.1.1. Form MA

Taken from our Series 54 Online Guide

3.1.1. Form MA

Form MA requires a municipal advisor to provide specific information. This information includes:

Item 1: Identifying Information

The firm’s name and Doing-Business-As (DBA) name

IRS employer ID number

Other registrations the firm may have

Address of principal office and any other offices

Mailing address and website

Location of the firm’s books and records

Identification and contact information for the firm’s Chief Compliance Officer (CEO)

Any foreign regulatory agencies that the firm is registered with

Business affiliates of the firm

Item 2: Form of Organization

How the firm is structured (e.g., corporation, partnership, LLC, sole proprietorship, limited liability partnership)

Date of fiscal year and date of organization

State or foreign jurisdiction where the firm is organized

Whether the firm is a public reporting company under the Exchange Act

Item 3: Successions

Whether the firm is succeeding to the business of a registered MA

Item 4: Information About Firm’s Business

Number of employees (excluding clerical, administrative, and support workers)

Estimate of how many employees work on municipal advisory activities and how many of these are registered representatives of a broker-dealer and how many are investment adviser representatives

Estimate of the number of firms or persons not employed by the MA that solicit clients on the firm’s behalf, and the names of these firms

List of employees that act as affiliates of the firm (do business independently on behalf of the firm)

List of clients and the types of clients (e.g., municipal entities, non-profits, obligated persons, etc.)

Number and types of clients that were solicited by a third party

Description of compensation arrangements

Description of the types of advisory activities

Item 5: Other Business Activities

De

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