Series 53: Principal Requirements

Taken from our Series 53 Online Guide

Principal Requirements

MSRB Rule G-3 requires that all municipal securities dealers have at least two Municipal Securities Principals (individuals who have passed the Series 53 exam). Exceptions to this rule include:

  • Brokers, dealers, or municipal securities dealers that are members of a registered securities association, such as FINRA, and conduct a general securities business
  • Brokers, dealers, or municip

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