Series 24

General Securities Principal

The Series 24 exam qualifies individuals to supervise and manage a broker-dealer's securities business. As a General Securities Principal, you will be responsible for overseeing all aspects of a firm's operations including registration, compliance, financial responsibility, trading, underwriting, and customer account supervision. The Series 24 is required for anyone who will manage or direct any of the firm's business activities that require registration, and is one of the most comprehensive principal-level examinations administered by FINRA.

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Chapters

1

Broker-Dealer Registration

BD and branch office registration, CRD filing, FINRA membership application process

30 min read
2

Personnel Management

Associated person registration, qualifications, continuing education requirements

30 min read
3

Compliance Systems

Written supervisory procedures, compliance programs, supervisory structure, exception reports

35 min read
4

Financial Responsibility

Net capital rule, customer protection rule, financial reporting, FOCUS reports

35 min read
5

Business Continuity Planning

BCP requirements, disaster recovery, cybersecurity obligations, FINRA rules

25 min read
6

Customer Account Supervision

Suitability review, margin supervision, complaints handling, senior investor protections

35 min read
7

Communications & Advertising

Retail and institutional communications, approval process, FINRA filing requirements

30 min read
8

Trading Supervision

Best execution, Reg NMS, Reg SHO, market making, order handling obligations

35 min read
9

Investment Banking Supervision

Underwriting process, research analyst conflicts, new issues distribution rules

30 min read
10

AML Compliance

Anti-money laundering programs, SAR filing, CIP requirements, OFAC, suspicious activity

30 min read