New Solomon Series 82 Live Web Class

The Solomon Series 82 Live Web Class will help you learn important exam topics from a Solomon Professor. Class recording included for replay. Continue reading

Are you preparing to take the FINRA Series 82 exam and looking for additional support? Solomon Exam Prep is offering a new Series 82 Live Web Class to help you prepare! The Solomon Series 82 Live Web Class is designed to supplement your studying with live, online instruction. In this 4-day intensive class, a Solomon content professional leads you step-by-step through the most important Series 82 exam topics.

The class covers the following Series 82 topic areas:
    • Seeks Business for the Broker-Dealer
    • Safe Harbors from Registration under the 1933 Act
    • Communications with the Public
    • Opens Accounts
    • Customer Accounts
    • Supervision and Communications with the Public
    • Provides Information, Makes Recommendations, Maintains Records
    • Financial Goals and Strategies
    • Taxation of Debt and Equity Securities
    • Types of Risk and Recordkeeping Requirements
    • FINRA Conduct Rules
    • Verifies Purchase Instructions and Completes Transactions
    • Customer Complaints and Dispute Resolution Procedure

Registration is now open for the Series 82 class taking place Monday, July 5, to Thursday, July 8, 12:00 – 3:15 pm ET each day. Click the link below to learn more and sign up. Not sure if a Solomon Live Web Class is right for you? Read our frequently-asked-questions below.

Frequently Asked Questions about Solomon Live Web Classes

  • Where can I take a Live Web Class?

    Classes take place online using Zoom, so you can learn anywhere you have an internet connection. Attend classes on your computer, tablet, or smart phone.

  • When can I take a Live Web Class?

    Although classes are live and scheduled at specific times, you can also learn asynchronously. Solomon provides class attendees with daily class recordings in case you miss any live class time. Recordings are available in your student account for 30 days after the class ends.

  • Who teaches Solomon Live Web Classes?

    Solomon Live Web Classes are taught by members of Solomon’s content team. As a result, you benefit from authoritative instruction on exam concepts, contextualized by supporting examples.

  • Am I able to interact with the instructor during the class?

    The live, interactive format gives you the chance to listen to an expert explain tricky concepts, plus ask questions when needed using the chat feature in Zoom.

  • Why should I take a Live Web Class?

    There are many reasons you might decide to take a Live Web Class:

    • You want to begin your studies with an overview from an instructor. A Live Web Class will take you through the most important exam concepts, and you’ll come away with a good idea of what you need to study to be well-prepared for the exam.
    • You struggle with self-paced learning. If it’s hard to stick to the Solomon Study Schedule, then taking a Live Web Class can help you get through the most important exam concepts in a short period of time. A class isn’t a substitute for reading the Study Guide and taking practice exams in the Exam Simulator, but it will enable you to learn a lot of information and set you on the right track to completing your study plan.
    • You attempted the exam previously and didn’t pass, so you think a class could help you pass the next time. A Live Web Class will give you a comprehensive overview of the most important exam topics, explained by a Solomon content professional. And you’ll have the opportunity to ask questions and get clarification on any confusing points.
    • You want to review before taking the exam. Once you’ve completed a Solomon Study Schedule and are nearing your exam date, a Live Web Class is the perfect way to review all the crucial exam concepts and clear up any trouble areas.

  • When is the best time to take a Live Web Class?

    Many students report getting more out of a class after they’ve spent a significant amount of time studying on their own first. A Solomon Live Web Class is a useful addition to your study plan if you’re struggling with certain topics or want a comprehensive review before taking the exam.

    Before taking a Solomon Live Web Class, we encourage you to follow Solomon’s self-paced study course. You can use individual study materials or a package, but at a minimum we recommend the Study Guide and Exam Simulator. Other materials available include Audiobooks, Video Lectures, and digital Flashcards. For the best results, follow a study schedule (Solomon provides free digital and pdf schedules).

  • Can I take a Solomon Live Web Class if I’m studying with another company’s materials?

    Yes, a Solomon Live Web Class is a great way to supplement your self-paced learning, whether using Solomon’s study materials or another company's. Keep in mind, though, that the content of the class aligns closely with the Solomon Study Guide. As a result, studying with Solomon study materials in addition to taking the class will give you the most cohesive experience.

Series 54 Solomon Study Guide, 3rd Edition, Now Available

The new 3rd edition of the Solomon Series 54 Study Guide covers everything you need to know to pass the exam and become a Municipal Advisor Principal. Continue reading

If you’ve already passed the Series 50 exam and are working as a Municipal Advisor Representative, then you’re well-positioned to consider taking the Series 54 exam. The MSRB Series 54, or Municipal Advisor Principal Exam, qualifies you to supervise associates who conduct municipal advisory business. But how should you prepare for the exam?

Solomon Exam Prep is excited to release the 3rd edition of “The Solomon Exam Prep Guide: Series 54 MSRB Municipal Advisor Principal Qualification Examination.” With this updated version of the Study Guide, professionals who want to become registered Municipal Advisor Principals can learn the content they need to know to pass the Series 54 exam.

About the Series 54 Exam

The Series 54 exam is 110 questions long and tests your knowledge of three main topic areas:

    1. Understanding the Municipal Advisor Regulatory Framework
    2. Supervising Municipal Advisory Activities
    3. Supervising Municipal Advisor Firm Operations

Passing the Series 54 requires you to study and master a wide range of municipal advisory knowledge. This is because, as Solomon Exam Prep President and Co-founder, Jeremy Solomon, explains, “Municipal advisors have a crucial responsibility to establish and enforce compliance procedures at their firm, which is why the Series 54 exam is so challenging. To pass the Series 54, high-quality study materials are a must, and Solomon delivers just that with a consistently high pass rate to prove it.”

“Municipal advisors have a crucial responsibility to establish and enforce compliance procedures at their firm, which is why the Series 54 exam is so challenging. To pass the Series 54, high-quality study materials are a must, and Solomon delivers just that with a consistently high pass rate to prove it.”
Jeremy Solomon
Solomon Exam Prep President and Co-founder

What changes with this new edition?

The core content of the Series 54 Study Guide remains the same, but some key changes in the 3rd edition include:

    • Expanded and updated coverage of the MSRB’s pay to play rule


    • Expanded coverage of the MSRB’s advertising rules

    • Expanded and updated discussion of the MSRB’s rules about giving and receiving items of value

    • Supplemental information on continuing disclosure agreements

    • Expanded coverage of mandatory recordkeeping for municipal securities transactions


    • More detail on mandatory recordkeeping of customer complaints

Content updates for this new edition are also reflected in the Solomon Exam Simulator. The online Exam Simulator complements the Study Guide with hundreds of practice questions for the Series 54. Hone, track, and assess your knowledge by taking unlimited chapter quizzes and full exams to practice what you’ve learned.

Series 54 Study Materials

The Series 54 Study Guide is available as a digital subscription with a hardcopy upgrade option. You can purchase the Study Guide individually or in a package with supporting Series 54 study products. Customers also have access to free tools and resources. These include a study schedule in digital and pdf formats, which helps students master the exam material with maximum efficiency.

To learn more about Solomon Exam Prep’s Series 54 study materials, including Study Guide, Exam Simulator, Audiobook, and Video Lecture, visit the Solomon Series 54 product page.

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ESG Investing and DeFi & Digital Assets CE Courses Now Available

Investment Adviser Representatives have two more Solomon continuing education courses to choose from to complete their annual NASAA IAR CE requirement. Continue reading

Solomon Exam Prep has just added two new courses to its Investment Adviser Representative Continuing Education course library! Both courses are approved by NASAA and earn credit towards the new CE requirement for investment adviser representatives (IARs).

An Introduction to ESG Investing

Curious about the increasingly popular form of investing called ESG (Environmental, Social, and Governance) investing? Solomon Exam Prep’s new continuing education course, “An Introduction to ESG Investing,” provides a helpful overview of the topic for IARs.

The course begins with a short history of the ESG movement, including the role that international and domestic governing bodies have played in jumpstarting ESG investing. The different types of ESG ratings are compared and explained. Additionally, the course describes the kinds of ESG securities offered, as well as ways to choose an ESG portfolio that aligns with an investor’s values. Finally, the course lays out the potential risks and benefits of ESG funds and common ESG investment philosophies, such as impact investing and sustainable investing.

By the end of the course, you’ll be able to do the following:
    • Briefly describe the domestic and international roots of ESG investing and how it has grown to become a prominent force for change in the US and EU
    • Identify the characteristics and examples of the types of metrics used to gauge compliance with ESG goals
    • Understand the basic differences between the several types of ESG ratings agencies
    • Describe the common types of ESG securities, such as mutual funds, ETFs and green bonds
    • Identify examples of how states have led the shift in ESG investing
    • Describe the risks and benefits of investing in ESG funds
    • Define basic terms used in ESG investing tactics, such as impact investing and sustainable investing

The Introduction to ESG Investing course is worth one credit for the Products and Practices category. IARs must complete six credits of Products and Practices courses each year, of the 12 total required credits.

DeFi and Digital Assets

If you’ve been hearing terms such as “cryptocurrency,” “DeFi (short for decentralized finance),” and “NFTs” and wondering what all the fuss is about, you’re not alone. Solomon Exam Prep’s new “DeFi and Digital Assets” continuing education course offers a look into the world of digital assets through the lens of fiduciary duty.

The course discusses examples of digital assets such as cryptocurrency, dApps, DeFi Projects, and Non-Fungible Tokens (NFTs). You’ll learn about the function of these digital assets and asset tools, as well as the benefits and drawbacks for IARs and their clients. This includes a discussion of whether IARs have the tools to provide a sufficient suitability analysis on these digital assets for their clients. The course ends with an assessment of the SEC’s regulatory framework for these assets.

By the end of the course, you’ll be able to do the following:
    • Explain the Prudent Investor Rule and identify two factors that are important in presenting a suitability analysis
    • Identify at least one advantage and one disadvantage to using a smart contract-based dApp as opposed to a traditional financial instrument
    • Compare and contrast a normal digital token with an NFT
    • Identify how digital assets present a different kind of transparency when compared with traditional financial instruments
    • Identify three differences in the risk profile of a digital asset compared to a traditional financial asset, including two difficulties associated with assessing risk
    • Explain conflict of interest that occurs due to valuation methods in digital asset portfolios

The DeFi and Digital Assets course is worth one credit for the Ethics and Professional Responsibility category and falls into the ethics sub-category. Out of the 12 total required credits, IARs must complete six credits of Ethics and Professional Responsibility courses each year. Three of these must specifically be ethics courses.

Solomon Exam Prep Investment Adviser Representative Continuing Education program
Solomon Exam Prep IAR CE course platform

About Solomon IAR CE courses

Solomon’s online IAR CE courses are self-paced and accessible on any internet-enabled device. Each course consists of short reading passages followed by quick assessments of 2–4 questions each. This read-and-quiz format facilitates learning and retention.

All Solomon IAR CE courses earn credit towards the Products and Practices or the Ethics and Professional Responsibility categories required by NASAA. Once activated, you have up to 365 days to complete a course. When you finish a course, Solomon reports completion to FINRA, NASAA’s vendor for program tracking.

What is the IAR CE requirement?

Investment Adviser Representatives registered in a jurisdiction that has adopted and implemented the NASAA model rule must do annual continuing education. To fulfill the IAR CE requirement, IARs must complete 12 credits of continuing education each calendar year.

To learn more about the IAR CE requirement, visit the Solomon IAR CE FAQs page. Explore Solomon’s entire IAR CE course library – purchase individual courses or a membership to the whole library and complete all your IAR CE in one place.

Disclaimer: NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are our own and do not necessarily reflect the views of NASAA or any of its member jurisdictions.

Mask Policy Change at Prometric Test Centers

Prometric will no longer require test candidates and test center staff to wear masks at test centers, effective May 1, 2022. Continue reading

Prometric, the testing vendor for several securities licensing exams, has announced a change to one of its COVID-19-related policies. Beginning May 1, 2022, Prometric will no longer require people to wear masks at its testing centers, unless required to do so by building management or local government mandates.

This policy change applies to both candidates and test center personnel. However, Prometric encourages anyone who would like to wear a mask at a test center to do so. The choice to wear a mask or not is up to the individual, regardless of vaccination status.

According to Prometric, this policy change is in response to current trends and guidance from world health organizations. Prometric will continue to follow guidance from local government and health officials in determining its COVID-19 policies. For more information, visit Prometric’s COVID-19 Update page and COVID-19 Frequently Asked Questions.

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Series 6 Solomon Study Guide, 3rd Edition, Now Available

If you need to take the FINRA Series 6 exam, the new 3rd edition of the Solomon Series 6 Study Guide covers everything you need to know to pass the exam. Continue reading

Are you thinking about a fulfilling career in the securities industry? There are many attractive roles to choose from, like investment adviser, financial adviser, insurance agent, or retirement plan specialist. Regardless of the path you choose, you’ll likely need to pass one or more licensing exams to qualify, such as the FINRA Series 6 exam. So how should you prepare for exam day?

Solomon Exam Prep has just released its 3rd edition of The Solomon Exam Prep Guide to the Series 6 Investment Company and Variable Contracts Products Representative Examination. To help professionals pass the exam, the Solomon Series 6 Study Guide is comprehensive and covers exam topics in easy-to-understand language. In addition, charts, graphs, and practice questions throughout the text support learners in understanding and applying key concepts.

What is the Series 6 exam?

The Series 6 is also known as the Investment Company and Variable Contracts Products Representative Examination. It is a representative-level exam for securities professionals who want to buy and sell certain investment products. Passing the Series 6 (plus the co-requisite Securities Industry Essentials, or SIE, exam) qualifies you to solicit, purchase, and/or sell:

    • Mutual funds (closed-end funds on the initial offering only)
    • Variable annuities
    • Variable life insurance
    • Unit investment trusts (UITs)
    • Municipal fund securities [e.g., 529 savings plans, local government investment pools (LGIPs)]

The Series 6 is only 50 questions long, but don’t let its humble length fool you. You’ll need to learn about many topics relating to the four main job functions of a Series 6 registered representative.

“The Series 6 exam is short, but it covers a lot of ground. Reading the Solomon Study Guide is the most crucial part of an effective study plan and will result in real learning. By mastering the concepts, test takers can handle any question the exam throws at them.”
Jeremy Solomon
Solomon Exam Prep President and Co-founder

What changes with this new edition?

The core content of the Series 6 Study Guide remains the same, but some key changes in the 3rd edition include:

    • Expanded and updated discussion of Regulation D private placements, including the SEC’s new definition of accredited investors

    • Additional, extensive coverage of Regulation Best Interest and the new suitability requirements it imposes on BDs

    • Expanded coverage of several aspects of mutual funds

    • Revised coverage of 529 college savings and prepaid tuition plans

    • Expanded coverage of FINRA’s taping rule with additional examples

Content updates for this new edition are also present in the Solomon Exam Simulator. The online Exam Simulator complements the Study Guide with over 3,000 practice questions for the Series 6. Take unlimited chapter quizzes and full exams to practice what you’ve learned and assess your growing knowledge.

Series 6 Study Materials

The Series 6 Study Guide is available as a digital subscription with a hardcopy upgrade option. It can be purchased individually or in a package with supporting Series 6 study products. Customers also have access to free tools and resources, including detailed study schedules in digital and pdf formats.

Learn more about Solomon Exam Prep’s Series 6 study materials, including Study Guide, Exam Simulator, Audiobook, Video Lecture, and Flashcards, by visiting the Solomon Series 6 product page.

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Series 52 Solomon Study Guide, 5th Edition, Now Available

The Solomon Series 52 Study Guide, 5th edition, covers everything you need to know to pass the Series 52 Exam and become a Municipal Securities Representative. Continue reading

For those interested in becoming Municipal Securities Representatives, passing the Series 52 exam (plus the co-requisite Securities Industry Essentials, or SIE, exam) is necessary. The MSRB Municipal Securities Representative Qualification Exam, also known as the Series 52, qualifies you to work in many capacities related to municipal securities. These include selling, underwriting, trading, advising, conducting research, and communicating with public investors.

Passing the Series 52 exam requires you to learn about many topics within the three main subject areas of the exam:

    • Municipal Securities
    • Economic Activity, Government Policy, and the Behavior of Interest Rates
    • Securities Laws and Regulations

At 75 questions, the Series 52 might not be the longest securities licensing exam. However, you’ll need to master a lot of knowledge, and Solomon recommends 60 hours of study time. A good study plan is a must. How should you prepare for the Series 52?

Solomon Exam Prep has just released the 5th edition of “The Solomon Exam Prep Guide: Series 52 MSRB Municipal Securities Representative Qualification Examination.” With this updated version of the Study Guide, professionals seeking their Series 52 license can learn the content they need to know to pass the Series 52 exam.

The Series 52 Study Guide is comprehensive and presents exam topics in easy-to-understand language. Charts, graphs, and practice questions throughout the text support learners in understanding and applying key concepts.

“Passing the Series 52 can be challenging because of the vast amount of material it covers. It helps to have study materials written in plain English and guided by research-based teaching methods, like the Solomon system.”
Jeremy Solomon
Solomon Exam Prep President and Co-founder
What changes with this new edition?

The core content of the Series 52 Study Guide remains the same, but the 5th edition of the Series 52 Study Guide includes the following content updates:

    • Expanded and updated coverage of 529 college savings plans
    • Additional information about the order period for new issues
    • Expanded and revised coverage of inflation and interest rates
    • Expansion and update of the process for close-outs
    • Expansion and update of material on limitations on gifts, gratuities, and non-cash compensation
    • A new appendix summarizing the most important and relevant MSRB rules

Updates are also reflected in the Solomon Series 52 Exam Simulator, which complements the Study Guide with over a thousand practice questions.

Series 52 Study Materials

The Series 52 Study Guide is available as a digital subscription with a hardcopy upgrade option. You can purchase the guide individually or in a package with accompanying Series 52 study products. You also benefit from free tools and resources, including Study Schedules in digital and pdf format, which guide you every step of the way.

To learn more about Solomon Exam Prep’s Series 52 study materials, including Study Guide and Exam Simulator, visit the Solomon Series 52 product page.

Also coming soon is the Solomon Series 52 Audiobook! The Audiobook is a word-for-word recording of the Solomon Series 52 Study Guide, giving you greater flexibility in where and how you study for the Series 52 exam.

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How to Pass the MSRB Series 53 Exam

What is the Series 53 exam? Learn what a Series 53 license qualifies you to do, what the exam covers, and how you should prepare for it. Continue reading

What is the Series 53 exam?

The Series 53, also called the Municipal Securities Principal Qualification Exam, is a Municipal Securities Rulemaking Board (MSRB) exam. The MSRB is a self-regulatory organization that establishes rules for municipal securities dealers and municipal advisors.

Passing the Series 53 exam qualifies you to oversee the municipal fund securities activities of a securities firm or bank dealer. You’ll also be qualified to supervise associates who engage in various municipal securities activities. In this capacity, a Municipal Securities Principal manages, directs, or supervises one or more of the following activities:

    • underwriting of municipal securities
    • trading of municipal securities
    • buying or selling municipal securities from or to customers
    • rendering of financial advisory or consultant services to issuers of municipal securities
    • communications with customers about any of the above activities
    • maintaining records of the above activities
    • processing, clearing, and safekeeping of municipal securities
    • training of principals or representatives
Are there any prerequisites for the Series 53?

Yes. To take the Series 53 exam, you must have already passed the Series 52, Municipal Securities Representative Qualification Exam, and the FINRA Securities Industry Essentials (SIE) Exam. However, if you had passed the FINRA Series 7 exam before November 7, 2011, then that qualifies you to take the Series 53.

Like the Series 52, you must be employed and sponsored by a broker-dealer to take the Series 53 exam.

About the Exam

The Series 53 exam consists of 100 scored multiple-choice questions covering the six topic areas of the MSRB Series 53 Content Outline.

Series 53 exam details

Note: Scores are rounded down to the next lowest whole number (e.g. 69.9% would be a final score of 69% – not a passing score for the Series 53 exam).

Topics Covered on the Exam

The MSRB divides the questions on the Series 53 exam into six main areas:

Series 53 exam topics

The MSRB updates its exam questions regularly to reflect the most current rules and regulations. Solomon recommends that you print out the current version of the MSRB Series 53 Content Outline and use it together with the Solomon Series 53 Study Guide. The Content Outline is subject to change without notice, so make sure you have the most recent version.

Question Types on the Exam

The Series 53 exam consists of multiple-choice questions, each with four options. You will see these question structures:

Closed Stem Format:

This item type asks a question and gives four possible answers to choose from.

Which agencies enforce MSRB rules for broker-dealers?

    1. FDIC and FINRA
    2. SEC and FINRA
    3. Federal Reserve Board and MSRB
    4. SEC and MSRB
Incomplete Sentence Format:

This kind of question has an incomplete sentence followed by four possible conclusions.

Municipal securities dealers are required to maintain records of customer complaints for:

    1. Six years
    2. Three years
    3. Two years
    4. Four years
“EXCEPT” Format:

This type requires you to recognize the one choice that is an exception among the four answer choices.

A person must be registered as a Municipal Securities Representative to engage in all of the following except:

    1. Communicating with public investors in municipal securities
    2. Underwriting municipal securities
    3. Providing investment advice about municipal securities
    4. Trading municipal bond funds
Complex Multiple-Choice (“Roman Numeral”) Format:

For this question type, you see a question followed by two or more statements identified by Roman numerals. The four answer choices represent combinations of these statements. You must select the combination that best answers the question.

Which of the following must the underwriter give to a customer who purchases a municipal bond subject to a negotiated offering within the first 25 days following the end of the underwriting period?

    1. The final official statement
    2. The investor brochure
    3. The amount of the underwriting spread
    4. The percentage of orders that were filled in the presale period
    1. I and III
    2. I and II
    3. III and IV
    4. II and IV

This format is also used in items that ask you to rank or order a set of items from highest to lowest (or vice versa), or to place a series of events in the proper sequence.

Arrange the following order types from highest priority to lowest priority:

    1. Designated orders
    2. Group net orders
    3. Member takedown orders
    4. Presale orders
    1. I, II, III, IV
    2. IV, I, II, III
    3. IV, II, I, III
    4. I, IV, III, II

 

Answers: 1. B   2. A   3. B   4. A   5. C

For an even better idea of the possible question types you might encounter on the Series 53 exam, try Solomon Exam Prep’s free Series 53 Sample Quiz.

Taking the Series 53 Exam

The Financial Industry Regulatory Authority (FINRA) administers the Series 53 exam, and you must take it at a Prometric test center. Like all qualifying exams in the securities industry, the Series 53 is closed-book, and you’re not allowed to bring anything into the exam. The test center will provide you with any materials you need to complete the exam. For instance, the test center will likely provide a whiteboard with markers or scratch paper and a pencil, as well as a basic electronic calculator. The inspection and sign-in requirements at test centers are stringent, so plan to arrive at least 30 minutes before your scheduled test appointment.

Test-Taking Tips

When taking the exam, it helps to keep some test-taking strategies in mind. Try not to spend too long on one question—this may cause you to run out of time and not get to other questions you know. If you don’t know the answer to a question, guess at the answer and “flag” it. There’s no penalty for guessing, so it’s beneficial to answer every question.

After you’ve finished all the questions, you can come back to any flagged questions. This strategy allows you to efficiently answer the ones you know. You might also learn something later in the exam that helps you answer an earlier question. Just remember to save enough time to return to the questions you didn’t answer. However, it’s not a good idea to simply skip all of the difficult questions with the plan to answer them later. You should make a serious effort to answer each question before moving on to the next one since your thoughts are often clearer earlier on during the exam.

How to Study for the Series 53 Exam

Follow Solomon Exam Prep’s proven study system:
    • Read and understand. Read the Solomon Study Guide, carefully. Many students read the Study Guide two or three times before taking the exam. To increase your ability to focus while reading, or as an alternative to reading, the Solomon Series 53 Audiobook will be launching soon! The Audiobook is a word-for-word reading of the Study Guide.
    • Take chapter quizzes in the Exam Simulator. When you finish reading a chapter in the Study Guide, take 4–6 chapter quizzes in the Exam Simulator. Use these quizzes to give yourself practice and to find out what you need to study more. Make sure you read and understand the question rationales.
    • Take full practice exams in the Exam Simulator. When you’ve finished reading the entire Study Guide, review your handwritten notes once more. Finally, start taking full practice exams in the Exam Simulator. Aim to pass at least six full practice exams and try to get your average score to at least 80%. When you reach that point, you’re probably ready to sit for the Series 53 exam.
Use these effective study strategies:
    • Take handwritten notes. As you read the Study Guide, take handwritten notes and review your notes every day for 10–15 minutes. Studies show that taking handwritten notes in your own words and then reviewing them strengthens learning and memory.
    • Make flashcards. Making your own flashcards is another proven method to reinforce memory and strengthen learning.
    • Research. Research anything you don’t understand. Curiosity = learning. Students who take responsibility for their own learning by researching anything they don’t understand get a deeper understanding of the subject matter and are much more likely to pass.
    • Become the teacher. Studies show that explaining what you’re learning greatly increases your understanding of the material. Ask someone in your life to listen and ask questions, or explain it out loud to yourself. This helps almost as much as explaining to an actual person (see Solomon’s previous blog post to learn more about this strategy!).
Take advantage of Solomon’s supplemental tools and resources:
    • Use all the resources. The Series 53 Resources folder in your Solomon student account has helpful study tools, including documents that summarize important exam concepts. There’s also a detailed study schedule that you can print out – or use the online study schedule and check off tasks as you complete them.
    • Use Ask the Professor. If you have a content-related question, click the Ask the Professor button in your account dashboard and get personalized help from a Solomon professor.
  • Good practices while studying:
    • Take regular breaks. Studies show that if you’re studying for an exam, taking regular walks in a park or natural setting significantly improves scores. Walks in urban areas or among people did not improve test scores.
    • Get enough sleep during the period when you are studying. Sleep consolidates learning into memory, studies show. Be good to yourself while you’re studying for the Series 53: exercise, eat well, and avoid activities that will hurt your ability to get a good night’s sleep.

You can pass the MSRB Series 53 Exam! It just takes focus and determination. Solomon Exam Prep is here to support you on your path to becoming a Municipal Securities Principal!

Explore all Solomon Exam Prep Series 53 study materials, including the Study Guide and Exam Simulator.

And join the Solomon email list to find out when the Series 53 Audiobook is released! Just click the button below:

Series 53 Solomon Study Guide, 4th Edition, Now Available

The 4th edition of the Solomon Series 53 Study Guide covers everything you need to know to pass the Series 53 Exam and become a Municipal Securities Principal. Continue reading

If you’re already working as a Municipal Securities Representative (Series 52), then you may be considering taking the Series 53 exam as a next step. Passing the MSRB Series 53, or Municipal Securities Principal Qualification Exam, qualifies you to oversee the municipal fund securities activities of a securities firm or bank dealer. You’re also qualified to supervise others working in several capacities related to municipal securities.

The Series 53 exam is 100 questions long and tests your knowledge of six main topics:

    • Federal regulations
    • General supervision
    • Sales supervision
    • Origination and syndication
    • Trading
    • Operations

Given this broad scope, you shouldn’t take the Series 53 exam lightly. How can you prepare for exam day?

Solomon Exam Prep has just released the 4th edition of “The Solomon Exam Prep Guide: Series 53 MSRB Municipal Securities Principal Qualification Examination.” With this updated version of the Study Guide, professionals seeking their Series 53 license can learn the content they need to know to pass the Series 53 exam. Solomon Study Guides are continuously kept up-to-date and cover all key exam topics.

“Preparing for the Series 53 requires significant study time with high-quality materials. Solomon's innovative study system ensures you learn the information you need to know as efficiently as possible.”
Jeremy Solomon
Solomon Exam Prep President and Co-founder
What changes with this new edition?

While the core content of the study guide remains the same, some key changes include:

    • More detailed coverage of the MSRB’s advertising rules
    • Expansion and update of the process for close-outs
    • Revised coverage of 529 plans
    • Greater detail about how to handle customer complaints
    • Expansion of the taping rule section
    • Additions to the free-to-trade wires section
    • Expansion and update of material on limitations on gifts, gratuities, and non-cash compensation
    • A new appendix summarizing the most important and relevant MSRB rules

Content updates for these new editions are also reflected in the Solomon Exam Simulator. The online Exam Simulator complements the Study Guide with over a thousand practice questions for the Series 53. Hone, track, and assess your knowledge by taking unlimited chapter quizzes and full exams to practice what you’ve learned.

Series 53 Study Materials

The Series 53 Study Guide is available as a digital subscription with a hardcopy upgrade option. It can be purchased individually or in a package with accompanying Series 53 study products. Customers also have access to free tools and resources, including a study schedule in digital and pdf formats, which helps students master the exam material with maximum efficiency.

To learn more about Solomon Exam Prep’s Series 53 study materials, including Study Guide and Exam Simulator, visit the Solomon Series 53 product page.

Also coming soon is the Solomon Series 53 Audiobook! The Audiobook is a word-for-word recording of the Solomon Series 53 Study Guide, giving you greater flexibility in where and how you study for the Series 53 exam.

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Kentucky Adopts Continuing Education Requirement for Investment Adviser Representatives

Investment Adviser Representatives registered in Kentucky must complete NASAA-approved continuing education courses beginning in 2023. Continue reading

Kentucky is the latest state to adopt the NASAA model rule that requires investment adviser representatives (IARs) to complete annual continuing education (CE). The CE requirement will go into effect on January 1, 2023, for IARs registered in Kentucky.

Michigan and Wisconsin will also require IARs to complete CE starting in 2023.

Other states that are in the process of adopting IAR CE are Arkansas, Nevada, and Washington D.C. If these jurisdictions finalize adoption of the CE requirement in 2022, then it will go into effect in 2023.

The IAR CE requirement went into effect in Maryland, Mississippi, and Vermont on January 1, 2022. As a result, IARs registered in these states must complete CE by the end of this year. The requirement applies to both state-registered and federal-registered investment advisers.

IARs who are required to complete CE must take 12 credits of CE coursework each year. NASAA allows IARs to choose courses they’re interested in, but the courses and course provider must be approved by NASAA.

Solomon Exam Prep is a NASAA-approved CE provider, and all the courses in Solomon’s IAR CE course library earn credits towards the CE requirement. Explore Solomon’s IAR CE courses.

For more information about IAR CE, visit the Solomon IAR CE FAQs or NASAA’s IAR CE FAQs.

Disclaimer: NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are our own and do not necessarily reflect the views of NASAA or any of its member jurisdictions.

Elon University Students Studying for the SIE Exam with Solomon

Solomon Exam Prep’s SIE exam prep materials are helping finance students at Elon University prepare to take the FINRA SIE exam. Continue reading

Solomon Exam Prep is delighted to be partnering with Elon University in Elon, North Carolina, to bring Securities Industry Essentials (SIE) Exam prep to students this Spring 2022 term. Twenty students in the FIN 4780 SIE course are studying with Solomon SIE prep materials. The course will prepare students to take not only the FINRA SIE exam, but also the FINRA Series 7 exam after graduation. Instructor Thibaut G. Morillon, Ph.D., Assistant Professor of Finance in the Martha and Spencer Love School of Business, is teaching the course.

Elon students taking the course receive the Solomon Exam Prep SIE Total Package, which contains all the study materials they need to prepare for the SIE exam:

    • Digital Study Guide
    • Exam Simulator
    • Video Lecture
    • Audiobook
    • Digital Flashcards
    • Free resources and tools, including Solomon SIE Study Schedules and Pass Probability™, Solomon’s proprietary technology that predicts when students are ready to take their exams.
What’s the SIE exam?

The SIE exam was created by FINRA as a foundational exam for those wanting to enter the securities industry. Studying for the SIE exam enables students to learn the basics of the finance and securities industries, such as stocks, bonds, mutual funds, and ETFs. In addition, passing the exam can open doors to a variety of careers. Anyone over 18 years old can take the SIE and results are valid for four years, so college is a perfect time to take the exam.

The SIE exam is a co-requisite to the Series 7 and other FINRA representative-level exams. To take the Series 7 exam, a FINRA member firm must employ and sponsor you. If you pass the SIE and get hired by a broker-dealer, you can then take the Series 7 and become a registered representative in the securities industry.

Interested in partnering with Solomon?

Solomon Exam Prep partners with dozens of colleges and universities to bring the Solomon SIE exam prep program to students across the country. Solomon can tailor its SIE curriculum to fit any course, including credit and non-credit courses, as part of a current course such as Finance or Capital Markets, or as a self-study program. The Solomon platform works equally well for in-person, hybrid, and online courses. And instructors receive access to the Instructor Portal, class slides, quizzes and exams, a custom study schedule, and QwizBang, Solomon’s interactive game platform.

Join institutions such as Elon University, Florida Memorial University, Pepperdine University, the University of North Carolina at Pembroke, University of Delaware, Adelphi University, University of Nebraska-Omaha, Seton Hall University, Ohio Dominican University, Georgetown University, Widener University, and University of Dallas in partnering with Solomon.

To learn more about the ways colleges and universities can partner with Solomon, contact Beth Hamilton, Higher Education Development Manager, at beth@solomonexamprep.com or 503-601-0212.