What is the Series 24 exam?
The Series 24 Exam (General Securities Registered Principal) is 3 1/2 hours long and has 150 test questions. 70% of the total is passing. The fee for sitting for the Series 24 exam is $95.00 and application for U-4 is used.
The Series 24 exam is required by FINRA for any person who manages or supervises representatives in investment banking, training, solicitation, as well as the general conduct of business operations.
The Series 24 exam prerequisite is having passed either the Series #7 (General Securities Registered Representative) exam or the Series #62 (Corporate Securities Limited Representative) exam.
Series 24 Test Topics:
Supervision of Investment Banking 23 questions
Supervision of Trading and Market Making 39 questions
Supervision of Brokerage Office Operations 34 questions
Sales Supervision; Employees; Regulatory
Framework of NASD 38 questions
Compliance and Financial Responsibility 16 questions
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