Series 54: 1.5.5. Bank Exemption

Taken from our Series 54 Online Guide

1.5.5. Bank Exemption

Banks are exempt from the definition of municipal advisor to the extent that they provide advice only with respect to the following:

• Investments that are held in a deposit account, savings account, CD, or other deposit instrument issued by a bank

• Extensions of credit by a bank to a municipal entity, including the issuance of a letter of credit, the making of a direct loan, o

+ Read More

More Series 54 Info

What are people saying?

Create an Account

Since you're reading about Series 54: 1.5.5. Bank Exemption, you might also be interested in:

Series 79 - 4.5.1. Using Multiple Valuation Methods

Series 53 - Types of Revenue Bonds

Series 7 - 17.2.1.7 Order Routing

Series 79 - 1.1.5. Beneficial Ownership Reports of Major Shareholders: Schedule 13D or 13G

Series 65 - 8.8.4. Post-Registration Requirements

Series 6 - 7.2. Portfolio Management

Series 66 - Joint Account Features

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

The Solomon material was invaluable in helping me pass this exam. The organization of the content, the tests, the video and lecture material, were all exactly on point. Thank you! (Series 54)

Mark Melio, Melio & Company, LLC. Northfield, IL

After failing the Securities Industry Essentials Exam twice I was all but ready to give up. Then I used Solomon Exam Prep material which help me to pass the exam. I had a blast using their learning platform and would highly recommend it to anyone!

Innocent Anavberokhai Jr., Lawrence, KS

I used the exam prep guide and online tests to study for the Series 50 exam. I relied completely on these study helps to prepare for the exam, which I passed!

Elizabeth Hill, Bright Bay Advisors, LLC, Long Beach, NY

I used Solomon to prep for my Series 65 exam. I was extremely impressed with how prepared I was for the actual exam! After reviewing the chapter material and taking 7-10 quizzes for each chapter, I was scoring around a 75 average on the practice exams, I wasn't sure that would be enough to pass. However, on exam day I felt extremely confident with the material, and I passed the 65 on my first attempt with about 45 minutes to spare. Extremely satisfied with how Solomon teaches the material to truly make it stick, and also with the progress statistics that they show you, so you know what to work on. I would 100% recommend it to anyone trying to pass their Series exams!

Landry Mead, Goldman Sachs Ayco Personal Financial Management. Dallas, TX

I passed the 24 with the help of the audio, book and test questions. I previously took this test and failed walking away with the thought nothing I studied looked familiar. I also didn't really understand how certain areas functioned... but found the information provided with Solomon worked best for me. The flow charts and extra resources section were extremely helpful in breaking down sections of this "Dry" test. The audio was great to review and the book format was easy to read and concise. I felt almost every question I knew what they were asking and I was able to eliminate one or two questions. Don't waste your money with other sites. Solomon will allow you to pass on the first time. Good luck!

Matthew D., Orange County, CA

I passed the 82 and 63 within a few months coming from no financial background. The exam simulator is fantastic and has a large pool of questions.

Taylor Hawks, Maraboyina Capital. Dallas, TX