Financial and Operations Principal (Series 27)
A financial and operations principal (FINOP) is another required principal for brokers, dealers, and municipal securities dealers. FINOPs are responsible for the preparation and approval of financial reports, the maintenance of books and records, compliance with the financial responsibility rules, supervision of clearance functions, and supervision of safekeeping functions.
FINOPs must pass the Series 27 exam.
Exercise
Match the associated person to the appropriate qualifying exam.
A. Series 52 exam, or Series 7 exam if taken before November 2011B. Series 51 examC. Series 9/10 examD. Series 27 exam
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Using Solomon was very helpful. The exam simulator tests were great, but I should have spent a little more time re-reading the chapters. Passed (Series 51) on my first try.
Kelli Lanino,
Raymond James Financial
Riverhead, NY
I am still so giddy that I passed my Series 7 on 1/31. I truly cannot believe it. I took the 7 three times in 2019 utilizing Kaplan study materials and didn't feel good going into the tests any of the times. So shockingly I failed all three times by a lot. My highest score was a 68%. I used Solomon for my 51 in September (passed on the first try) so I thought I could try it for my 7 even though it is the hardest securities test I have taken. I felt so good going into the testing center and I passed!!! I am so grateful to have found your materials. They have been incredibly helpful and I am able to understand all the material covered in the books. I still am in shock that I passed. Now off to the 24!
Briana Turner, Cambridge Investment Research. Virginia Beach, VA
I just took and passed the Series 51 in one attempt. The Solomon materials were excellent. The Solomon simulated tests were very beneficial and were very similar to the actual 51 test. Thanks to Solomon I was well prepared to succeed. When I was taking the actual 51 exam, I did not encounter any surprises that I was not prepared for. Solomon seems to have it very well covered.
My method for success? I read the book chapter by chapter, taking the chapter practice tests along the way. I saved the questions I missed for review later. I then went through the book a second time using the same method.
After reviewing the questions I had missed on the smaller exams, I started taking the timed simulation for the test. Again, I reviewed the questions I got wrong, making sure I understood the reason for getting it wrong and what the right answer should be. I did this review of missed questions every time I took the simulated exam.
I took the simulated exam five or six times, getting scores in the low 80s.
This method prepared me to take the real test which I passed on my first attempt.
I highly recommend both Solomon and this study method for taking the 51.
Good luck all future test takers!!!!
Jason Smith, Primerica, Duluth, GA
Thank you so much for the easy reading! I passed the 51 on my first attempt!!
Amber Carrick, Keystone Financial Management, Bath, PA
Solomon's materials were far superior to some of the competitors.
Michael
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