The municipal advisor representative is a person associated with a municipal advisor who engages in municipal advisory activities on the municipal advisor’s behalf. In order to register for the Series 50 examination, a candidate must be associated with a municipal advisor firm that is registered with both the SEC and the MSRB.
The Municipal Advisor Representative Qualification Exam (Series 50) will be administered as a pilot exam January 15, 2016 – February 15, 2016. The exam registration window will be available beginning on September 21, 2015 and closing on January 14, 2016. During the enrollment window, municipal advisors can use the Financial Industry Regulatory Authority’s (FINRA) Form U10 to enroll their municipal advisor professionals.
Number of Questions 120
Test Time 240 minutes (with an additional 30 minutes for a tutorial on how to complete the computerized exam)
Test Results Test results will be mailed to the candidates 8-12 weeks following the pilot.
Passing score will be determined from those tests completed during the pilot.