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General Securities Principal Qualification Examination (Series 24)
600 questions
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About this exam
The General Securities Principal Qualification Examination (Series 24) is a FINRA exam for people seeking to supervise securities activities at a broker-dealer. It is commonly taken by registered representatives moving into principal or supervisory roles, including at firms affiliated with banks or insurance companies. Passing qualifies a candidate to supervise specified general securities activities; it is not a general banking or insurance license. Candidates should confirm that Series 24 matches the supervisory responsibilities they will hold and check the applicable registration requirements with their firm.
Series 24 tests supervisory knowledge across areas such as registration and qualification of personnel, branch-office oversight, written supervisory procedures, inspections, customer accounts, and general broker-dealer operations. Candidates need to apply rules to practical supervision scenarios, not just memorize terms. For bank- and insurance-affiliated broker-dealers, review how securities activities are supervised within the firm’s regulated business, while keeping the exam’s broader FINRA scope in view. Build a study plan around the current FINRA content outline, and leave time to revisit weak areas and explain why each answer is correct.
How to prepare for the Series 24 exam
- Use the current FINRA Series 24 content outline to map your study schedule, giving focused review time to personnel supervision, branch offices, supervisory systems, inspections, and customer-account oversight.
- Practice applying rules to realistic scenarios under timed conditions; after each set, review both missed questions and correct guesses to identify gaps in your reasoning.
- Check FINRA’s official exam and registration information, and confirm with your sponsoring firm which prerequisite qualification and supervisory registration apply to your role.
FAQ
Who is eligible to take the Series 24 exam?
Candidates generally need sponsorship from a FINRA member firm and must meet the applicable prerequisite qualification requirements. The prerequisite can depend on the supervisory activities they will perform, so confirm the requirements with the firm and FINRA.
What is the format of the Series 24 exam?
The exam is computer-based and uses multiple-choice questions covering the Series 24 content areas. Check FINRA’s current exam information for the latest details on question count, timing, and other test-day requirements.
What subjects should I study for the Series 24?
Review the current FINRA content outline, including registration and qualification, supervision of personnel and branch offices, supervisory procedures and inspections, customer accounts, and broker-dealer operations. Focus on applying requirements to supervisory situations.