Series 51

Dictionary Says

Definition of 'Series 51'


An exam offered by the Financial Industry Regulatory Authority (FINRA) and overseen by the Municipal Securities Rulemaking Board (MSRB). The Series 51 is a limited principal exam for managers of broker/dealers who have already earned the Series 24 or Series 26 license. The exam covers the management of registered representatives who market municipal fund securities to clients, specifically Section 529 plans for college education.

The test consists of 60 questions; a score of 70% or better is required for passing.

Investopedia Says

Investopedia explains 'Series 51'


Even though many 529 plans contain equity-based fund options, they are still regulated under the arm of the MSRB. The Series 51 was established for principals who do not otherwise deal in municipal securities, and do not have the Series 53 designation. Exam topics will test the taker's knowledge of underwriting, sales office supervision, market terminology and fair practice rules.

comments powered by Disqus
Hot Definitions
  1. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  2. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
  3. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
  4. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
  5. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  6. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
Trading Center