Series 50: Financial And Operations Principal (Series 27)

Taken from our Series 50 Online Guide

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.

SUMMARY

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 53

Municipal Securities Principal

Manage municipal securities activities for all types of municipal securities and municipal fund securities

Series 51

Municipal Fund Securities Limited Principal

Perform the same roles as a Municipal Securities Principal but only for activities related to municipal fund securities

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