If you’ve already passed the Series 50 exam and are working as a Municipal Advisor Representative, then you’re well-positioned to consider taking the Series 54 exam. The MSRB Series 54, or Municipal Advisor Principal Exam, qualifies you to supervise associates who conduct municipal advisory business. But how should you prepare for the exam?
Solomon Exam Prep is excited to release the 3rd edition of “The Solomon Exam Prep Guide: Series 54 MSRB Municipal Advisor Principal Qualification Examination.” With this updated version of the Study Guide, professionals who want to become registered Municipal Advisor Principals can learn the content they need to know to pass the Series 54 exam.
About the Series 54 Exam
The Series 54 exam is 110 questions long and tests your knowledge of three main topic areas:
- Understanding the Municipal Advisor Regulatory Framework
- Supervising Municipal Advisory Activities
- Supervising Municipal Advisor Firm Operations
Passing the Series 54 requires you to study and master a wide range of municipal advisory knowledge. This is because, as Solomon Exam Prep President and Co-founder, Jeremy Solomon, explains, “Municipal advisors have a crucial responsibility to establish and enforce compliance procedures at their firm, which is why the Series 54 exam is so challenging. To pass the Series 54, high-quality study materials are a must, and Solomon delivers just that with a consistently high pass rate to prove it.”
What changes with this new edition?
The core content of the Series 54 Study Guide remains the same, but some key changes in the 3rd edition include:
- Expanded and updated coverage of the MSRB’s pay to play rule
- Expanded coverage of the MSRB’s advertising rules
- Expanded and updated discussion of the MSRB’s rules about giving and receiving items of value
- Supplemental information on continuing disclosure agreements
- Expanded coverage of mandatory recordkeeping for municipal securities transactions
- More detail on mandatory recordkeeping of customer complaints
Content updates for this new edition are also reflected in the Solomon Exam Simulator. The online Exam Simulator complements the Study Guide with hundreds of practice questions for the Series 54. Hone, track, and assess your knowledge by taking unlimited chapter quizzes and full exams to practice what you’ve learned.
Series 54 Study Materials
The Series 54 Study Guide is available as a digital subscription with a hardcopy upgrade option. You can purchase the Study Guide individually or in a package with supporting Series 54 study products. Customers also have access to free tools and resources. These include a study schedule in digital and pdf formats, which helps students master the exam material with maximum efficiency.
To learn more about Solomon Exam Prep’s Series 54 study materials, including Study Guide, Exam Simulator, Audiobook, and Video Lecture, visit the Solomon Series 54 product page.