SERIES 51
Series 51 is an examination under the Financial Industry Regulatory Authority (FINRA) and supervised by the Municipal Securities Rulemaking Board (MSRB) for managers of broker/dealers who have already accomplished Series 24 or Series 26. Series 51 was made to challenge the knowledge of test takers regarding management of registered representatives that market municipal securities to customers with focus on Section 529 plans for college education. The exam is composed of 60 questions with a passing grade of 70%.
POPULAR TERMS
Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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