Series 53

Series 53
An exam offered by the Financial Industry Regulatory Authority (FINRA) and overseen by the Municipal Securities Rulemaking Board (MSRB). The Series 53 qualifies a financial professional to become a licensed municipal securities principal, which allows the supervision and management of sales of municipal securities, agency securities, and U.S. Treasury obligations by licensed broker/dealers.

The exam consists of 100 multiple choice questions taken over three hours; a score of 70% or better is required for passing. Question topics cover not only the basics of how municipal securities are created and traded, but settlement practices, record-keeping and sales supervision.

The Series 53 is also required for those who wish to sell Section 529 plans for college funding, even though many 529 plans are invested into equity-based securities and funds. The sales of 529 plans are under the supervision of the MSRB. People who pass the Series 53 exam do not need to take and pass the Series 51 test, which is more limited in scope.


Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Series 40 — based Nokia 6300 Series 40 is a software platform and application user interface (UI) software on Nokia s broad range of mid tier feature phones, as well as on the Vertu line of luxury phones. It is the world s most widely used mobile phone… …   Wikipedia

  • Series — may refer to:Mathematics and science* Series (botany), a taxonomic rank between genus and species * Series (mathematics), the sum of a sequence of terms * Series circuits, a kind of electrical network * Seriation (archaeology), a method of dating …   Wikipedia

  • Series+ — Séries+ Création 31 janvier 2000 Propriétaire Astral Media (50 %) Canwest Media (50 %) Slogan « La télé des émotions » Langue Français Pays d origine …   Wikipédia en Français

  • SÉRIES+ — Création 31 janvier 2000 Propriétaire Astral Media (50 %) Canwest Media (50 %) Slogan « La télé des émotions » Langue Français Pays d origine …   Wikipédia en Français

  • Séries + — Séries+ Création 31 janvier 2000 Propriétaire Astral Media (50 %) Canwest Media (50 %) Slogan « La télé des émotions » Langue Français Pays d origine …   Wikipédia en Français

  • Series — Se ries, n. [L. series, fr. serere, sertum, to join or bind together; cf. Gr. ??? to fasten, Skr. sarit thread. Cf. {Assert}, {Desert} a solitude, {Exert}, {Insert}, {Seraglio}.] 1. A number of things or events standing or succeeding in order,… …   The Collaborative International Dictionary of English

  • series — [sir′ēz, sē′rēz] n. pl. series [L < serere, to join or weave together < IE base * ser , to line up, join > Gr eirein, to join together, OE searu, a snare, armor, ON sørvi, necklace] 1. a group or number of similar or related things… …   English World dictionary

  • Series 7 — may refer to:*The General Securities Representative Exam, commonly referred to as the Series 7 Exam. It is the most comprehensive financial securities exam offered by the FINRA *, a movie made in 2001. This film is also commonly referred to as… …   Wikipedia

  • Series 90 — (S90) программная платформа для сенсорных смартфонов операционную систему Symbian OS 7.0s. Series 90 была создана на базе платформы Series 80, а также разработок компании Интерфейс устройств на базе S90 визуально похож на интерфейс, используемый… …   Википедия

  • Series 14 — is a qualification examination administered to compliance officials at New York Stock Exchange (NYSE) registered broker/dealers. The 110 question test is intended to ensure that individuals designated as having overall day to day compliance… …   Wikipedia

  • series — I index assemblage II index chain (series) III index hierarchy (arrangement in a series) IV …   Law dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”