Series 52 Study Guide + Question Bank

Series 52 Study Guide + Question Bank (Online)

Prep for the Series 52 - Municipal Securities Representative Qualification Exam with online study lessons plus 750 exam-style practice questions across 15 chapters, 3 mini exams, and 2 full-length 75-question practice exams. Self-paced online prep focused on municipal products, the muni market, economic policy, interest rates, and MSRB rules.

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Instant digital access • Mobile + desktop friendly • Progress tracking • Built for exam-style testing

What you get with the Series 52 Study Guide

  • Online study lessons covering the full Series 52 outline - municipal products, the muni market, economic policy, interest rates, and MSRB rules
  • 750 exam-style practice questions across 15 chapters mapped to the MSRB Series 52 content outline
  • 45 chapter quizzes - Learn (10 Qs), Apply (10 Qs), and Master (10 Qs) for every chapter
  • 3 Mini Exams (50 questions each) for timed practice
  • 2 full-length Practice Exams (75 questions each) matching the real Series 52 exam length exactly
  • Heavy coverage of GO vs. revenue bonds, tax treatment, new-issue underwriting and EMMA, secondary trading, municipal credit analysis, suitability, yields and accrued interest, and MSRB conduct rules
  • Progress tracking by chapter and difficulty to target weak areas fast
  • Clear explanations focused on what the MSRB actually tests
  • Built specifically for the municipal securities representative role
  • 6-month online access from purchase date

What you'll study

Organized around the MSRB Series 52 content outline - municipal products, the municipal market and economics, new issues / underwriting / secondary trading, and federal securities laws and MSRB rules. The 15 chapters in the study guide map directly to these areas.

Municipal Securities & Products

Municipal Securities & Products

  • Municipal securities foundation and the role of the municipal securities representative
  • General obligation vs. revenue bonds, notes, and other municipal bond types and features
  • Trading, ownership, and bond structure (serial, term, dated date, call features)
  • Tax treatment of municipal securities - federal, state, AMT, and the de minimis rule

The Municipal Market, Economics & Interest Rates

The Municipal Market, Economics & Interest Rates

  • Federal Reserve tools and economic / government policy
  • Interest rates, the yield curve, and what moves them
  • Yields, pricing, and accrued interest calculations
  • Investment risks affecting municipal securities

New Issues, Underwriting & Secondary Trading

New Issues, Underwriting & Secondary Trading

  • New issues, the underwriting process, syndicate operations, and EMMA
  • Notice of sale, official statement, and primary-market disclosure
  • Secondary market trading and quotations
  • Suitability and matching municipal products to customer objectives

Federal Securities Laws & MSRB Rules

Federal Securities Laws & MSRB Rules

  • Federal securities laws and the MSRB oversight framework
  • MSRB qualification, recordkeeping, and reporting rules
  • MSRB conduct, suitability, gifts, and political-contribution rules
  • Supervision requirements and fair-dealing obligations

GET INSTANT ACCESS

Series 52 Study Guide + Question Bank

$99.99

  • Includes: online study lessons + 750-question bank + 3 mini exams + 2 full-length 75-question practice exams + chapter quizzes
  • Access: 6 month access to the study guide and question bank
  • Start studying immediately after purchase - no waiting.
Get Instant AccessSee what's included

Frequently asked questions

  • You'll have access for 6 months starting immediately after purchase.

About the Series 52 - Municipal Securities Representative Qualification Exam

Exam format (official, accurate as of June 2026):

  • 75 scored multiple-choice questions
  • 2 hours 30 minutes (150 minutes)
  • Passing score: 70%
  • Corequisite: SIE (both required for the Municipal Securities Representative qualification)
  • Developed and maintained by the MSRB; administered by FINRA

The Series 52 qualifies a municipal securities representative to engage in the underwriting, trading, and sale of municipal securities. For the official exam outline, scheduling, and registration details, see the FINRA Series 52 exam page.

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