Series 52

AAA

DEFINITION of 'Series 52'

An exam offered by the Financial Industry Regulatory Authority (FINRA) and overseen by the Municipal Securities Rulemaking Board (MSRB). The Series 52 qualifies a financial professional to become a licensed municipal securities representative. People who obtain this certification can sell municipal securities such as municipal bonds, agency bonds and Section 529 plans for college education.

The test consists of 115 questions, and must be completed within three and a half hours. A score of 70% or better is required for passing.

INVESTOPEDIA EXPLAINS 'Series 52'

Question topics include how to analyze municipal securities and credit, the types of markets and channels they are traded in, presentation materials for new issues, and U.S. monetary and interest rate policies.

The test is similar in scope to the Series 53 exam for principals, but does not include topics relating to managing sales staff and certain regulatory practices. Even though many Section 529 plans are invested into equity-based securities and funds, the sales of 529 plans by broker/dealers are under the supervision of the MSRB.

RELATED TERMS
  1. Series 53

    An exam offered by the Financial Industry Regulatory Authority ...
  2. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  3. 529 Plan

    A plan that allows for the prepayment of qualified higher education ...
  4. Municipal Securities Rulemaking ...

    A regulating body that creates rules and policies for investment ...
  5. Agency Bond

    A bond issued by a government agency. These bonds are not fully ...
  6. Financial Industry Regulatory Authority ...

    A regulatory body created after the merger of the National Association ...
Related Articles
  1. Insurance

    Investing In Your Child's Education

    Overwhelmed by increasing tuition costs for your kids? The U.S. government can help.
  2. Professionals

    Pass Your CFA Exams On The First Try

    Become one of the elite who pass these exams by using these simple study methods.
  3. Brokers

    Is Your Broker Acting In Your Best Interest?

    Learn the clues you'll need to determine whether you've chosen a reputable professional.
  4. Savings

    529 Plan Tutorial

    This comprehensive guide goes through what a 529 plan is and how to set one up, contribute to it and withdraw from it.
  5. Mutual Funds & ETFs

    What are the risks involved in keeping my money in a money market account?

    Setting aside funds in a money market account can be a safe investment strategy, but investors should be aware of the risks inherent to money market options.
  6. Mutual Funds & ETFs

    How much of my total assets should I be keeping in my money market account?

    Investing a portion of total assets in a cash position such as a money market account provides investors access to funds in the case of an emergency.
  7. Mutual Funds & ETFs

    Does it make sense for me to have a money market account if I don't want to buy any securities?

    Saving funds within a money market account or mutual fund does not have to be limited to those wanting to buy or sell securities in the near future.
  8. Mutual Funds & ETFs

    Why would you keep funds in a money market account and not a savings account?

    Read about the differences between money market accounts and savings accounts, and see why a depositor would elect a money market over a savings account.
  9. Mutual Funds & ETFs

    What determines the interest rate in my money market account?

    Placing funds in a money market account may provide a higher interest rate than a savings account due to the underlying securities of the money market fund.
  10. Investing Basics

    What is the difference between a REIT and a real estate fund?

    A real estate fund invests in securities offered by public real estate properties directly or indirectly through Real Estate Investment Trusts (REITs).

You May Also Like

Hot Definitions
  1. Prospectus

    A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details ...
  2. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  3. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  4. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  5. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  6. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
Trading Center