What is the 51 series?

Series 51 is a test that individuals must be interested in if they want to achieve a position in management in business bond companies, debt instruments or securities. The exam is the most popular in the United States, where the Regulatory Office of the Tax Industry (Finra) is an independent agency responsible for the regulation of US valuable companies. While individuals can pass the 51 series through FINRA, the Municipal Council for the creation of securities (MSRB) is responsible for securing brokerage houses and companies that have the necessary education and training in the sale of investment products in the open market. The Congress strongly regulates the securities market to ensure that they do not find any incorrectness unnoticed, especially in the light of several main scandals that occurred in recent history. Many of these problems are Ponzi schemes, where investors of bilkpenation from several individuals and businesses.

Before accepting series 51 and earning this certification MIndividuals are passing the 24 and series tests and series 26. These tests cover in some detailed information on the sale of general securities and the use of variable contracts within the investment company. These two tests provide the background of the technical nature of the sale of debts and capital securities in the open market to individuals and businesses. Finra is responsible for the issue of these exams and their sorting.

Series 51 test is a detailed test consisting of 60 questions, with individuals assigned two hours to complete the test. The test is in multiple selection format and requires individuals to achieve a minimum passage score of 70 percent. The content will include problems concerning characteristics of mutual funds, supervision of sales employees, rules on fair practice, subscription, publication rules and market terminology. While the study time is for each individual OdlThe normal, ordinary guide is two hours a day for two weeks. MSRB offers a study outline, although more detailed materials are also needed to study the test.

MSRB classifies the municipal professional in the field of securities into three groups: limited directors, securities representatives and securities principal. Limited directors control or supervise only transactions concerning items such as a plan of savings 529, representatives of securities focus on the sale or trading of investment and principles of securities can manage a full brokerage, which is involved in the sale of securities and investments. The 51 series test is a requirement to obtain positions for the principal of securities.