Securities Exam Prep Series 52
FINRA Series 52 Exam Prep
To help you pass your Series 52 qualification exam, ExamFX has created a comprehensive online training program to ensure that you are
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Series 52 Training Package Comparison
We offer flexible solutions and packages for every learning style, specifically designed to help you pass your Series 52 exam. Through our training you will have access to a variety of helpful study tools that will prepare you for test day.
We guarantee you will pass your licensing exam on the first attempt. If you do not pass the licensing exam after scoring an 80% on the Guarantee Exam, we will refund the cost of the material. Licensing exam must be taken within 3 days after passing the Guarantee Exam. A copy of the licensing exam results and access code must be provided.
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What is the Series 52 registration and what will it do?
The Series 52 (The Municipal Securities Representative) exam is a Municipal Securities Rulemaking Board (MSRB) qualification exam taken by those in the Financial Services industry who want to engage in the municipal securities business. In order to obtain a Series 52 registration, you must prepare and pass the Series 52 exam. This exam is administered by FINRA (Financial Industry Regulatory Authority). For additional information on this exam, including the content outline, please follow the link to the MSRB website.
VIEW THE MSRB SERIES 52 OUTLINE
About the Series 52 Exam
What are the topics covered on the Series 52 Exam?
The Series 52 exam is designed to measure a candidate’s qualification and competency to engage in the municipal securities business. The exam consists of 75 scored questions and is broken down into three sections:
- Municipal Securities (60%)
- Economic Activity, Government Policy and the Behavior of Interest Rates (14%)
- Securities Laws and Regulations (26%)
See below for more detailed breakdown or visit the MSRB link above.
Types of Municipal Securities
- General Obligation (GO) Bonds
- Revenue Bonds
- Taxable Municipal Securities
- Short-Term Muni Obligations
- Municipal Fund Securities
Characters of Municipal Securities
- Basic Characteristics
- Tax Considerations
- Factors Affecting Marketability and Liquidity
The Market for Municipal Securities
- Primary Market
- Bonds in the Secondary Market
- Market Indicators
- Customer Suitability Considerations
Analyzing Municipal Credit
- General Obligation Bonds
- Revenue Bonds
- Sources of Credit Information
- Rating Services
- Credit Enhancements
Mathematical Calculations and Methods
- Basis Points
- Dollar Value of Points and Fractions
- Accrued Interest
- Level Debt Service
- Gapital Gains
- Market Discount Bonds
- Amortization of Payment
Economic Activity, Government Policy, and Factors Affecting Interest Rates
- Monetary Policy
- Fiscal Policy
- Factors Affecting Interest Rates
Securities Laws and Regulations
- Regulation of Municipal Market Professionals
- MSRB Rules
Series 52 Exam Details
The Series 52 exam consists of 75 multiple-choice questions and is a total duration of 2 hours and 30 mins. The minimum passing score is 70%. The exam cost is approx. $260.
What is the ExamFX Guarantee Exam?
As a first in the prelicensing industry, we stand by our mission to provide students with quality learning tools and instruction. We guarantee each student will pass his or her exam on the first attempt. If a student fails the state exam within three days after scoring 80% on the Guarantee Exam, we will refund the cost of the material. It is that simple.