Financial and Operations Principal (Series 27)
A Financial and Operations Principal (FINOP) is another required principal for brokers, dealers, and municipal securities dealers. FINOPs are responsible for the preparation and approval of financial reports, maintenance of books and records, compliance with the financial responsibility rules, supervision of clearance functions, and supervision of safekeeping functions. FINOPs must pass the Series 27 exam.
Note: A FINOP is responsible for completing the FOCUS report.
|
Municipal Securities Qualification Examinations |
||
|
Name of Qualifying Exam |
Job for Which It Qualifies Agent |
What the Qualification Allows an Agent to Do |
|
Series 52 |
Municipal Securities Representative |
Engage in underwriting, sales, trading, advising, and consulting with issuers; provide research and investment advice with respect to municipal securities; and communicate with public investors about municipal securities |
|
Series 50 |
Municipal Advisor Representative |
Provide financial issuance advice to or for municipalities |
| Series 54 | Municipal Advisor Principal |
Manage and supervise municipal advisor activities |
|
Series 53 |
Municipal Securities P | |