FINRA (formerly NASD) Series 53 - Municipal Securities

This examination is designed to test a candidate's knowledge of the rules and statutory provisions applicable to a municipal securities broker or dealer and to the supervision of the activities of municipal securities representatives. This exam also enables the principal to supervise municipal fund securities (e.g., 529 College Savings Plans, Local Government Investment Pools, LGIPs).

The Series 53 does require a prerequisite of the Series 52 or Series 7.

Students preparing for the Series 53 examination should plan to spend 40 to 50 hours in study preparation. The national exam is 3 hours in length with 100 multiple choice questions. The Series 53 candidates must pass with 70% or better.

Series 53 Study Material

About the Series 53 Examination