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Series 51 Exam Meaning & Definition
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Definition of Series 51 Exam
The Municipal Fund Securities Principal exam, or the Series 51 exam, is designed and administered by FINRA. This exam is comprised of several individual topics and was created to measure a candidate’s knowledge in the areas of rules and statutory provisions applicable specifically to municipal fund securities and the supervision of the activities of registered representatives effecting municipal fund securities transactions.
Topics for the Series 51 exam include:
- Municipal Fund Securities
- Sales Supervision
- Underwriting and Disclosure Rules
- Fair Practice Rules
The Series 51 exam is a 60 question, multiple-choice test that must be completed within 1 hours 30 minutes. Cost for this exam is $155.00. Please note that this cost only represents the registration fee for the Series 51 exam. There will most likely be other fees involved with scheduling, scoring or study materials.
Applying "Series 51 Exam" to Securities Exams:
Candidates should be aware that there are prerequisites for the Series 51 exam. In order to be eligible for this exam, candidates must have successfully passed either the Series 24 or Series 26 exam.
The Series 51 exam, like all FINRA exams, can be taken at any Pearson Vue testing center. Pearson Vue has testing centers in most large and medium sized cities throughout the country and is open six day a week, making it a nice choice for candidates. This exam is available year round.
Potential candidates for this exam should note that while the exam is available year round, it cannot be taken on Sundays. This fact should be kept in mind when you are scheduling your exam and choosing your testing locations.