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Series 53 Essentials Study Package
Price:
$230.90   $207.81
 
Exam Study Guide
Online Exam Simulator
 
Description
FAQs
Terms of Use
  • Need the basics to help you pass? The Series 53 Essentials Study Package comes with Solomon's bestselling Exam Study Guide and industry-leading Online Exam Simulator to facilitate learning and knowledge retention. Used successfully by thousands, this powerful combination gives you what you need to learn and retain the material by testing yourself as you go. Studies show that learning followed by practice testing is the most successful study method (“Retrieval Practice Produces More Learning than Elaborative Studying with Concept Mapping” by Jeffrey D. Karpicke and Janell R. Blunt, January 2011).

    The Series 53 Essentials Study Package includes 180-day access to:


    This package also includes daily updates to the Online Exam Simulator question bank, up to ten (10) "Ask the Professor" e-mail questions, and a customizable study schedule with study tips. Administrative access is also available for managers to monitor their candidates' progress!

    Please see individual product pages for more details.


  • How long should I prepare for this exam?

    We recommend studying 60 hours over a four-week period.

    What does a Series 53 license allow me to do?

    The municipal securities principal bears primary responsibility for overseeing the municipal securities activities of a securities firm or bank dealer. 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 on the above activities;
    • processing, clearing, and (in the case of securities firms) safekeeping of municipal securities; and
    • training of principals or representatives. 

    *This information came directly from the MSRB Rules and Interpretations: http://www.msrb.org/Rules-and-Interpretations/~/media/Files/Prof-Qualifications/Series53_outline2006.ashx

    Is my firm required to have a principal with a Series 53?

    MSRB Rule G-3 requires that all brokers and dealers that conduct municipals securities business have at least two municipal securities principals (individuals who have passed the Series 53 exam). 

    Exceptions to this rule include:

    • Dealers that are members of a registered securities association, such as FINRA, and conduct a general securities business; and  
    • Dealers (including bank dealers) having fewer than eleven full-time employees engaged in the performance of its municipal securities activities. 
    These exceptions need to have at least one municipal securities principal.

    For those firms whose municipal securities activities are limited exclusively to municipal fund securities, a municipal fund securities limited principal (Series 51) may be counted toward the numerical requirement of two municipal securities principals.

    What score do I need to pass the exam?

    70% (Please Note: Your score will be rounded down to the lowest whole number (e.g. 69.9% would be a final score of 69%--not a passing score for the Series 53 Exam).

    How many questions are on the exam?

    100

    How long is the exam?

    3 Hours

    What subjects does the Series 53 exam test?

    The Series 53 is divided into six areas:

    Federal Regulations   4% 

    General Supervision   21%

    Sales Supervision   29%

    Origination and Syndication   22%

    Trading   8%

    Operations   16%

    Are there other FINRA exams I need to complete as a prerequisite to attempting the Series 53?

    Yes, the Series 52. However, if you had taken and passed the Series 7 prior to November 7, 2011 you would qualify.

    How much does the exam cost?

    The cost of the exam is $265 at this writing.

    If I stop working for my firm, how long will my Series 53 license remain active?

    You will have two years between jobs before the license expires.

    When you cease working for a firm, your employer will file a Form U5 to terminate your registration. Your next employer will file a Form U4, which will re-register you. As long as you do not exceed two years between employers, your Series 53 license will remain active. 

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    Return Policy

    Should you wish to return part or all of your purchase the following return policy will apply:

    Merchandise is nonreturnable and nonrefundable once it has been received. The definition of received is as follows :

    • Shipped products including Study Guides and Audiobooks - Any item that is shipped will be considered received once it has been removed from its paper wrapping.
    • Exam Simulators, Video Lectures/On-Demand Classes, and audiobooks (MP3 Streaming + Download) - These products are considered received if an individual has activated the product, logged in for more than 15 minutes, and/or has logged in more than once.
    • Live Online Classes- Classes are considered received once an individual has logged into a session even if they do not participate in the duration of the lesson(s).

    Shipping and Handling is nonrefundable under any circumstances.  Solomon Exam Prep is not responsible for any Shipping and Handling costs required to return any merchandise.

    All shipped products must be returned in original condition.

    All returns will be subject to a $10 processing fee.

    Once a purchase is complete all return requests must be received within the following time line:

    • 72 hours from receipt for online and downloadable products
    • 14 days from receipt for all shipped products

    If returned merchandise meets all of the above requirements, a credit will be added to the credit card used at the time of purchase.  The refunded amount will be the amount paid for the product at the time of purchase less the $10 processing fee and will not include any shipping and handling fees. 

    If returned merchandise does not meet all of the above requirements, no refunds will be awarded.

    All products purchased from Solomon Exam Prep either online or by phone are subject to this return policy. If you have any questions about this policy please contact us by phone at 503-601-0212 or email at info@solomonexamprep.com.

    Extensions

    Extensions past the 180 day access period are granted for Online Exam Simulators only. The following extensions are available upon request: 

    • One-time, 5 day extension at no extra charge.
    • One-time, 30 day extension for 25% of Online Exam Simulator cost, granted upon receipt of payment.
    • Extensions required due to extenuating circumstances are given consideration if Solomon Exam Prep is contacted within 3 months of the expiration date of the Online Exam Simulator.
    To request an extension, please contact Solomon Exam Prep at 503-601-0212 or email at support@solomonexamprep.com.




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I passed the Series 82 with the help of Solomon and I am more than happy to put myself in their hands to help me pass 24 and 79 still ahead of me. The materials were excellent and the staff was very responsive and helpful. Highest recommendation!

David Barrosse, Managing Partner, Capstone LLC


You guys were instrumental to my passing the Series 79. The study materials were incredibly helpful and the quizzes and tests gave me great "live" practice. The staff reached out to me a few times to see how I was doing, answer questions and offer helpful tips. I was pleasantly surprised and greatly aided by their personal approach to ensuring my success.

Matt Tarkenton, Atlanta, GA