Series 51: Activities Of Principals

Taken from our Series 51 Online Guide

Activities of Principals

Only certain principals can oversee certain municipal securities activities. The following table summarizes the activities that each principal can oversee.

*Supervision only applies to activities that solely relate to municipal fund securities.
Which Principal Is Permitted to Do the Following Municipal Securities Tasks?
	Municipal Securities Principal (Series 53)	Municipal Securities Sales Principal (Series 9/10)	General Securities Principal (Series 24)	Municipal Fund Securities Principal* (Series 51)
Review and approve new accounts that will transact in municipal securities	X	X	X	X
Review accounts that will transact in municipal securities for abuse and irregularities	X	X		X
Approve of municipal transactions (final approval of orders)	X			X
Oversee compliance with applicable MSRB rules	X			X
Follow up on complaints regarding municipal securities activities	X	X		X
Periodically review each office where municipal securities activities take place	X			X
En

+ Read More

More Series 51 Info

What are people saying?

Create an Account

Since you're reading about Series 51: Activities Of Principals, you might also be interested in:

Series 3 - 2.2.1.3.2. Implied Repo Rate and Basis Risk

Series 65 - 2.3.3 Issuance of Preferred Stock

Series 65 - Incorporation by Reference

Series 65 - Section One

Series 66 - Strong Form Efficient Market Hypothesis

Series 65 - Sales Charge

Series 99 - Exercise

Series 26 - Review of Transactions and Correspondence

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I am still so giddy that I passed my Series 7 on 1/31. I truly cannot believe it. I took the 7 three times in 2019 utilizing Kaplan study materials and didn't feel good going into the tests any of the times. So shockingly I failed all three times by a lot. My highest score was a 68%. I used Solomon for my 51 in September (passed on the first try) so I thought I could try it for my 7 even though it is the hardest securities test I have taken. I felt so good going into the testing center and I passed!!! I am so grateful to have found your materials. They have been incredibly helpful and I am able to understand all the material covered in the books. I still am in shock that I passed. Now off to the 24!

Briana Turner, Cambridge Investment Research. Virginia Beach, VA

Solomon's materials were far superior to some of the competitors.

Michael

Using Solomon was very helpful. The exam simulator tests were great, but I should have spent a little more time re-reading the chapters. Passed (Series 51) on my first try.

Kelli Lanino, Raymond James Financial Riverhead, NY

I just took and passed the Series 51 in one attempt. The Solomon materials were excellent. The Solomon simulated tests were very beneficial and were very similar to the actual 51 test. Thanks to Solomon I was well prepared to succeed. When I was taking the actual 51 exam, I did not encounter any surprises that I was not prepared for. Solomon seems to have it very well covered. My method for success? I read the book chapter by chapter, taking the chapter practice tests along the way. I saved the questions I missed for review later. I then went through the book a second time using the same method. After reviewing the questions I had missed on the smaller exams, I started taking the timed simulation for the test. Again, I reviewed the questions I got wrong, making sure I understood the reason for getting it wrong and what the right answer should be. I did this review of missed questions every time I took the simulated exam. I took the simulated exam five or six times, getting scores in the low 80s. This method prepared me to take the real test which I passed on my first attempt. I highly recommend both Solomon and this study method for taking the 51. Good luck all future test takers!!!!

Jason Smith, Primerica, Duluth, GA

I just passed the S51 with an 86%. I want to express my sincere thanks to Solomon. I love the way you structure your practice exams. I always enjoy receiving speedy responses from Ask the Professor, especially from Karen. Karen, thank you for all your help, you are the best!!!!!!!

Margaret Chen, PFS Investment, Duluth, GA