How hard is the Series 52 exam?

How Difficult Is the Series 52 Top-Off Exam? The co-requisite SIE Exam tests on securities industry and municipal market fundamentals. Because the Series 52 top-off drills down into municipal concepts in more detail, most candidates find the test somewhat challenging.

What is a Series 52?

The Series 52 is a professional license and certification that qualifies a financial professional to transact municipal securities. It is known as the Municipal Securities Representative Qualification Examination. Candidates are given two hours and 30 minutes to complete the exam. The passing score is 70%.

Do you need a Series 52 if you have a Series 7?

If you obtained a General Securities Representative (Series 7) registration on or after November 7, 2011, you will have to pass the Municipal Securities Representative (Series 52) Exam as a corequisite to taking the Series 53 exam.

Is the series exam hard?

Is the Series 7 Exam Difficult? Clocking in at 125 questions to be answered in three hours and 45 minutes, the Series 7 exam is considered the most difficult of all the securities licensing exams. The minimum passing score is 72, which may not seem that difficult.

What is a municipal financial professional?

What does Municipal Finance Professional (MFP) mean? An MFP is any person who works in municipal underwriting, sales, trading, research, financial advisory, or investment advice.

What is a finra top off exam?

What Is A FINRA Top Off Exam? A Top Off exam is the second of two exams required to earn a Series 6, 7, 79, and 99 license (the first exam being the Securities Industry Essentials (SIE) exam, which covers industry basics). The Top Off exam covers deep details and concepts applicable to a specific license type.

What is a municipal finance professional?

An MFP is any person who works in municipal underwriting, sales, trading, research, financial advisory, or investment advice.

What does FINRA stand for?

The Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States.

What is the role of a municipal advisor?

A municipal advisor’s primary role is to provide services relating to the structure and sale of securities and to ultimately assist issuers in obtaining the lowest financing cost. Municipal advisors are regulated by the SEC and primarily by the Municipal Securities Rulemaking Board (the “MSRB”).