General Securities Principal Exam - Series 24 Exam

The General Securities Principal Exam, commonly referred to as the Series 24 Exam, is administered by the U.S. Financial Industry Regulatory Authority (FINRA) which qualifies a registered individual to supervise or manage branch activities such as corporate securities, REITs, variable contracts, and venture capital; a general principal may also approve advertising and sales literature, including communications regarding municipal securities. The exam covers topics such as supervision of investment banking, trading, customer accounts, and the primary/secondary markets.

A Series 24 License does not qualify an individual to function as a:
* Registered Options Principal - Series 4
* General Securities Sales Supervisor for Options and Municipal Securities - Series 9
* Municipal Securities Principal - Series 53
* Municipal Fund Securities Principal - Series 51
* Financial and Operations Principal - Series 27
* Introducing Broker/Dealer Financial and Operations Principal - Series 28

The Series 24 Exam is made up of 150 questions. Candidates will have up to 3½ hours to take the exam. 70% (105 correct answers) is considered a passing grade.
Test Breakdown # of Questions % of Exam
Supervision of Investment Banking Activities 33 22%
Supervision of Trading and Market Making Activities 31 20.66%
Supervision of Brokerage Office Operations 29 19.33%
Sales Supervision; General Supervision of Employees; Regulatory Framework of FINRA 43 28.66%
Compliance with Financial Responsibility Rules 14 9.33%
Share on Google Plus

About Sundar Mano

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
    Blogger Comment
    Facebook Comment

0 comments:

Post a Comment