Fast-Track FINRA Series 50 Practice Questions for Municipal Advisor Reps

According to MSRB rules, what services cannot be provided by a financial advisor to a municipal entity client?

A) Investment advice, portfolio management, financial planning

B) Risk management services, tax planning, retirement planning

C) Principal transactions, third-party solicitations, underwriting services

D) Budgeting services, cash flow analysis, debt management

Select an option above to see an explanation here.

A) These services can be provided by a financial advisor to a municipal entity client as they do not conflict with MSRB rules. B) Risk management, tax planning, and retirement planning are all services that a financial advisor can provide to a municipal entity client. C) MSRB rules prohibit services that could conflict with a municipal advisor's fiduciary duties. D) Budgeting services, cash flow analysis, and debt management are all services that a financial advisor can provide to a municipal entity client.