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!

Solomon Partners With Ohio Dominican University

Solomon Exam Prep—a leading publisher of securities exam prep materials—is proud to announce a partnership with Ohio Dominican University. Continue reading

February 1st, 2019

Solomon Exam Prep—a leading publisher of securities exam prep materials—is proud to announce a partnership with Ohio Dominican University. With this partnership, ODU students will get everything needed to pass the all-important SIE exam.

As FINRA’s “introductory” exam, the SIE is used by securities firms to measure the seriousness of job candidates. For years, Solomon’s instructors have helped professionals pass securities exams—and now they’ve drawn on this expertise to create the best possible SIE test-prep materials. Geared to a variety of learning styles, these include:

  • A digital study guide
  • An audiobook
  • Flashcards
  • Free mobile apps
  • An online exam simulator with unlimited quizzes and exams
  • A video lecture with slides and narration
  • Custom study schedules for classes or independent study

Perhaps most importantly, Solomon’s materials are complemented by personalized support. As one student noted, “I didn’t think this kind of customer service and general human kindness existed anymore.” The company’s dedication shows in its consistently high pass rates.

Partner instructors rave about Solomon’s materials as well—especially for featuring:

  • An online interactive admin portal where courses and student progress can be monitored (making “back-end faculty work a breeze,” as UN-Omaha’s Ray LeBlanc recently put it)
  • A curriculum tailored to fit the needs of each school and program
  • No expense to the partnering school beyond the study materials for the students

Contact us at 503.601.0212 to discuss setting up a Solomon partnership for your school—and to join such prestigious institutions as the University of Nebraska-Omaha, Adelphi University, Seton Hall University, and the University of Dallas.

Jeremy Solomon, Founder/President
jeremy@solomonexamprep.com

Beth Hamilton, Business Development
beth@solomonexamprep.com

 

About Solomon Exam Prep
Founded by Karen Solomon (Ph.D., University of Chicago) and Jeremy Solomon (MBA, Wharton), Solomon Exam Prep has helped thousands of students pass their series exams: Series 3, 6, 7, 24, 26, 27, 28, 50, 51, 52, 53, 62, 63, 65, 66, 79, 82 and 99.

Solomon Exam Prep

 

 

6750 SW Franklin St, Suite A, Portland, OR 97223
SolomonExamPrep.com
503.601.0212

February Study Question of the Month

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card. Continue reading

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.

Question

 

 

 

 

 

 

Spock is an adviser who takes great pride in his use of logic when making investment recommendations.  Which of the following investment vehicles would he be least likely to recommend for a client’s IRA?
 
A. Corporate bonds
B. Growth stocks
C. Municipal bonds
D. REITs
 
Answer: C. Having municipals in an IRA is allowed, but it would not be the most logical investment choice.  That is because the tax advantage associated with municipal bonds is wasted in a tax-deferred account like an IRA.

January Study Question of the Month

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card. Continue reading

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.

Question

Relevant to the Series 7.

 

 

 

 

 

Cassie gives her nephew Frank 10 shares of Hathshire Berkaway as a college graduation present. Cassie purchased the shares five years ago at $1,000, and their fair market value is $1,500 at the time of the gift. Frank holds the shares for one year, then sells them at $2,000. What is Frank’s cost basis and holding period?
 
A. $10,000; one year
B. $10,000; six years
C. $15,000; one year
D. $15,000; six years
 
Answer: B. When someone gives securities as a gift to another individual, the recipient’s cost basis is the lower of (1) the giver’s cost basis or (2) the fair market value at the time of the gift. So Frank’s cost basis is Cassie’s purchase price of $10,000 ($1,000 x 10 shares). The giver’s holding period will correspond to cost basis. So Frank’s holding period starts from the date of Cassie’s purchase, six years before Frank sells the shares.

Solomon Exam Prep Updates Cookie Policy

Cookies are small pieces of dough that have been baked in an oven and then cooled and served as a desert or snack. Continue reading

Cookies are small pieces of dough that have been baked in an oven and then cooled and served as a dessert or snack.

Solomon Exam Prep believes that cookies can be a positive part of any day, particularly as a reward when studying for a securities licensing exam like the Series 7 or the Series 65.

Solomon Exam Prep is committed to protecting the privacy of its cookie-eating customers and does not track or monitor its customers’ consumption or use of cookies.

Solomon Exam Prep does not judge the relative merits of which cookies are better, although, Jeremy Solomon, president of Solomon Exam Prep says that he prefers home-made cookies over store-bought.

Solomon Exam Prep may share cookies with others, usually family, friends and co-workers, but depending on the situation, sometimes with strangers. Such shared cookies are always freely given, there is no expectation by Solomon Exam Prep that the recipient will reciprocate or owe Solomon Exam Prep anything. Of course, a “thank you” is always appreciated.

Solomon Exam Prep has helped thousands of cookie- and non-cookie-eating customers pass securities licensing exams including the Series 3, 6, 7, 24, 26, 27, 28, 50, 51, 52, 53, 62, 63, 65, 66, 79, 82, 99 and SIE exams.

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.

December Study Question of the Month

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card. Continue reading

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.

Question

Relevant to the SIE.

Henry buys shares of ABC in an initial public offering.  Two months later he sells the shares to James.  Two months later James sells the shares to Carrie. Which of the following is true?
 
A. Henry’s sale to James is a primary market transaction, while James’s sale to Carrie is a secondary market transaction
B. Both Henry’s sale to James and James’s sale to Carrie are primary market transactions
C. Henry’s sale to James is a primary market transaction, while James’s sale to Carrie is a follow-on offering

D. Both Henry’s sale to James and James’s sale to Carrie are secondary market transactions

Answer: D. When an investor buys shares in an IPO from the issuer, the purchase is a primary market transaction.  After that, whenever sales of the security are traded from investor to investor, and not from the issuer to an investor, the sales take place in the secondary market.  Thus, while Henry’s initial purchase is a primary market transaction, his sale to James and then James’ sale to Carrie are both secondary market transactions.