AE2S Nexus Financial Analysts Ryan Graf and Nicole Jacobi have passed a pilot professional qualification examination for municipal advisors, the first such exam administered by the Municipal Securities Rulemaking Board (MSRB).
Graf and Jacobi successfully completed the which is now required for individuals who provide municipal advisory services to state and local governments. The content of the exam covers the roles and responsibilities of municipal advisor professionals as well as applicable rules and regulations. A volunteer committee of municipal advisor professionals developed the content outline for the exam, which was approved by the MSRB Board of Directors in January 2015 and filed with the Securities and Exchange Commission (SEC) in April 2015.
All those who took and passed the pilot Series 50 exam became qualified as a municipal advisor representative and will not be required to take the permanent Series 50 exam when it is implemented later this year.
“Nikki and I were honored to take part in the pilot exam, not only to earn the qualification, but also to assist the MSRB in validating the question bank and setting the passing score for the permanent exam,” said Graf.
Graf and Jacobi provide financial consulting, rate analysis, and funding and financing services to municipalities, utilities, and other public entities.