series 53 Exam 2025 Questions and
Answers
3 business days
4 business days
if protested, the dealers must promptly settle differences - ANSWER✔✔-A dealer
receives transfer instructions from another dealer, the dealer must validate or protest
instructions within X business days
once the dealer has validated the instructions, the account transfer must happen within
X business days
fin lop - ANSWER✔✔-currency transaction reports must be reported to ?
,30 days following the date all securities have been delivered by the issuer to the
syndicate
this date is when the bonds are delivered to the uw by the issuer - ANSWER✔✔-
syndicate settlement date is defined as and when is it ?
in charge of a business unit that does not include a MFP. Someone who exclusively sells
munis is not defined as a MFP - ANSWER✔✔-2 examples of a non-MFP
all registered personnel. everyone. - ANSWER✔✔-who must attend compliance
meetings
general comparisons between tax exempt and taxable - estimates about future
retirement needs, assessment of their profile, historic differences, effects of inflation.
comparing a bond subject to AMT to a bond not is recommendation? Q 28 on federal
rule* - ANSWER✔✔-what is not considered investment strategy to the MSRB (you can
make this without it being "advice")
must be reported to RTTM - ANSWER✔✔-match data
two entities pay int principal and interest - go and rev - ANSWER✔✔-double barreled
bonds
,limited principal doesn't exist - underneath is sales limited and muni fund limited -
ANSWER✔✔-municipal securities principal vs municipal securities limited principal
The dealer, on a quarterly basis.
This form discloses any political contributions made - ANSWER✔✔-who is required to
file G37 with the MSRB
do the transaction, no extra reporting or anything - ANSWER✔✔-if the broker dealer
informs the customer that a transaction is not suitable and the customer still wants to do
it, what must the dealer do?
hosting fundraising is the worst - ANSWER✔✔-MFP can solicit votes or hold
fundraising events
you have to take the 7 bc bond funds are considered investment companies -
ANSWER✔✔-if you want to sell bond funds, do you just take the 53 or more
requires filed reports to keep records of cash transactiosn - ANSWER✔✔-Bank security
Act
filed if a transaction involves at least 5k and the member has reason to think something
weird is happening - ANSWER✔✔-SAR - suspicious activity report
cash deposit of more than 10k in one single day triggers this,
, JUST CASH - checks and credit checks wont trigger this
filed on FinCEN for 104 - ANSWER✔✔-CTR - Currency trasanction report
and who is it reported to
signature of the client
you DO need to report information about the customer used in making
recommendations - ANSWER✔✔-what information is NOT required when filing
information on a RETAIL customer (including high net wroth individual)
- business relationship (existing cutomer) - ANSWER✔✔-when can you cold call
outside of regular business hours
msrb does not and treasury dept - ANSWER✔✔-who does not enforce securities
regulartionfrom the MSRB
maturity - ANSWER✔✔-discount bond is priced to
managing underwriter - ANSWER✔✔-who is reposnibly for maintaining records of
syndicate transactions
its never allowed. you can volunteer if it is not directly related to campaign solicitations.
- ANSWER✔✔-msrb thoughts on fundraising
Answers
3 business days
4 business days
if protested, the dealers must promptly settle differences - ANSWER✔✔-A dealer
receives transfer instructions from another dealer, the dealer must validate or protest
instructions within X business days
once the dealer has validated the instructions, the account transfer must happen within
X business days
fin lop - ANSWER✔✔-currency transaction reports must be reported to ?
,30 days following the date all securities have been delivered by the issuer to the
syndicate
this date is when the bonds are delivered to the uw by the issuer - ANSWER✔✔-
syndicate settlement date is defined as and when is it ?
in charge of a business unit that does not include a MFP. Someone who exclusively sells
munis is not defined as a MFP - ANSWER✔✔-2 examples of a non-MFP
all registered personnel. everyone. - ANSWER✔✔-who must attend compliance
meetings
general comparisons between tax exempt and taxable - estimates about future
retirement needs, assessment of their profile, historic differences, effects of inflation.
comparing a bond subject to AMT to a bond not is recommendation? Q 28 on federal
rule* - ANSWER✔✔-what is not considered investment strategy to the MSRB (you can
make this without it being "advice")
must be reported to RTTM - ANSWER✔✔-match data
two entities pay int principal and interest - go and rev - ANSWER✔✔-double barreled
bonds
,limited principal doesn't exist - underneath is sales limited and muni fund limited -
ANSWER✔✔-municipal securities principal vs municipal securities limited principal
The dealer, on a quarterly basis.
This form discloses any political contributions made - ANSWER✔✔-who is required to
file G37 with the MSRB
do the transaction, no extra reporting or anything - ANSWER✔✔-if the broker dealer
informs the customer that a transaction is not suitable and the customer still wants to do
it, what must the dealer do?
hosting fundraising is the worst - ANSWER✔✔-MFP can solicit votes or hold
fundraising events
you have to take the 7 bc bond funds are considered investment companies -
ANSWER✔✔-if you want to sell bond funds, do you just take the 53 or more
requires filed reports to keep records of cash transactiosn - ANSWER✔✔-Bank security
Act
filed if a transaction involves at least 5k and the member has reason to think something
weird is happening - ANSWER✔✔-SAR - suspicious activity report
cash deposit of more than 10k in one single day triggers this,
, JUST CASH - checks and credit checks wont trigger this
filed on FinCEN for 104 - ANSWER✔✔-CTR - Currency trasanction report
and who is it reported to
signature of the client
you DO need to report information about the customer used in making
recommendations - ANSWER✔✔-what information is NOT required when filing
information on a RETAIL customer (including high net wroth individual)
- business relationship (existing cutomer) - ANSWER✔✔-when can you cold call
outside of regular business hours
msrb does not and treasury dept - ANSWER✔✔-who does not enforce securities
regulartionfrom the MSRB
maturity - ANSWER✔✔-discount bond is priced to
managing underwriter - ANSWER✔✔-who is reposnibly for maintaining records of
syndicate transactions
its never allowed. you can volunteer if it is not directly related to campaign solicitations.
- ANSWER✔✔-msrb thoughts on fundraising
