Series 54 Pilot: Solomon Voyage to Municipal Advisor Principal Exam

Solomon Exam Prep is excited to launch the first study guide to the new MSRB Series 54 Municipal Advisor exam.  Continue reading

Solomon Exam Prep is excited to launch the first study guide to the new MSRB Series 54 Municipal Advisor exam. 

According to Jeremy Solomon, president of Solomon Exam Prep, the Series 54 is a new qualifying exam for individuals who supervise or manage the municipal advisory activities of a municipal advisor firm and its associated persons. Individuals interested in taking the Series 54 pilot exam must have passed the Series 50 Municipal Advisor exam.

According to the MSRB, the permanent Series 54 exam will be available in late 2019, at which time individuals functioning in a municipal advisor principal capacity will have one year to take and pass the permanent Series 54. Anyone who passes the pilot Series 54 will qualify as a municipal advisor principal and will not have to take the permanent Series 54.

The Solomon Exam Prep Guide to the Series 54 covers the three functions on the exam:

  • Understanding the Municipal Advisor Regulatory Framework
  • Supervising Municipal Advisory Activities
  • Supervising Municipal Advisor Firm Operations

Enrollment is between March 4-15, 2019 via FINRA’s Test Enrollment Services System.  

Anyone who misses the enrollment period might be “left behind” and not be able to join in this historic municipal securities exam pilot mission!

The Series 54 Exam Is Coming …

The Municipal Securities Rulemaking Board (MSRB) has received approval from the Securities and Exchange Commission (SEC) to amend MSRB Rule G-3, on professional qualification requirements, to establish a qualification exam for municipal advisor professionals who act in a principal capacity at their firms. Continue reading

The Municipal Securities Rulemaking Board (MSRB) has received approval from the Securities and Exchange Commission (SEC) to amend MSRB Rule G-3, on professional qualification requirements, to establish a qualification exam for municipal advisor professionals who act in a principal capacity at their firms. The MSRB says it will “pilot” the Municipal Advisor Principal Qualification Examination (Series 54) from February 2019 through June 2019. Any municipal advisor principal may take the pilot Series 54 examination during the pilot period and if that individual achieves a passing score or better, the individual will be considered qualified as a municipal advisor principal when the MSRB permanently establishes the Series 54 in the fall of 2019. Go to SolomonExamPrep.Com to be notified when Solomon Exam Prep’s Series 54 Exam Study materials are launched.