Series 50: Documentation Of Municipal Advisory Relationship

Documentation of Municipal Advisory Relationship

A municipal advisor’s relationships with municipal clients must be put in writing “prior to, upon or promptly after” the municipal advisory relationship begins. The document must include:

• • The date
• • Information about the municipal advisor’s compensation
• • The advisor’s conflicts of interest
• • An explanation of the legal and disciplinary information that the SEC requires municipal advisors to provide, as well as an explanation of how the client can access this information on the municipal advisor’s Form MA and most recent Form