Municipal Securities Principal (Series 53)
To become a Municipal Securities Principal, a person must pass the Series 53 exam. A Municipal Securities Principal is qualified to manage municipal securities activities for all types of municipal securities and municipal fund securities.
The term Municipal Securities Principal means a natural person (other than a Municipal Securities Sales Principal) associated with a broker, dealer, or municipal securities dealer who is directly engaged in the management, direction, or supervision of one or more of the following activities:
- • Underwriting, trading, or sales of municipal securities
- • Financial advisory or consultant services for issuers in c