Series 53 Examination-Municipal Securities Principal

Purpose

Any person who is directly engaged in the management or supervision of a firm's municipal securities business must qualify as a principal.

Activities that require qualification include supervision of sales, trading , and underwriting of municipal securities. Also included is the supervision of research, investment advice, or financial advisory services.

This examination qualifies the candidate as a municipal securities principal.

The Examination

The examination is composed of 100 multiple choice questions. A maximum of three hours is allowed. The candidate may be taken at any Prometric Sylvan Test Center.

We reccomend that the candidate devote approximately 40 hours of study time to these materials.