SERIES 53
Series 53 is an examination under the Financial Industry Regulatory Authority (FINRA) and supervised by the Municipal Securities Rulemaking Board (MSRB) to become licensed municipal securities principal that is entitled to supervise and manage the sales of municipal securities, agency securities, and US Treasury obligations by licensed broker/dealers. Series 53 was made to challenge the knowledge of test takers regarding the basics of municipal securities creation and trading, settlement practices, sales supervision, and record-keeping. The exam is composed of 100 questions accomplished within 3 hours with a passing grade of 70%.
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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