Is Sponsorship Required for the Series 24 Exam?

✅ Is Sponsorship Required for the Series 24 Exam?

Yes, sponsorship is required to take the Series 24 – General Securities Principal Exam. You must be associated with and sponsored by a FINRA member firm or another applicable self-regulatory organization (SRO). This sponsorship involves the firm filing a Form U4 (Uniform Application for Securities Industry Registration or Transfer) on your behalf through the Central Registration Depository (CRD®) system. ​Securities Training Corporation+5FINRA+5Investopedia+5

📋 Prerequisites for the Series 24 Exam

Before registering for the Series 24 exam, you must have passed one of the following representative-level qualification exams:

• Series 7 – General Securities Representative
• Series 57 – Securities Trader
• Series 79 – Investment Banking Representative
• Series 82 – Private Securities Offerings Representative
• Series 86/87 – Research Analyst
• Series 16 – Supervisory Analyst​Wikipedia+1FINRA+1InnReg+1FINRA+1Pocket Prep+5FINRA+5InnReg+5

Additionally, passing the Securities Industry Essentials (SIE) exam is typically required unless you qualify for an exemption. ​Wikipedia+6Pocket Prep+6Investopedia+6

🧭 Steps to Register for the Series 24 Exam

1. Secure Sponsorship: Obtain sponsorship from a FINRA member firm or another applicable SRO.
2. File Form U4: Your sponsoring firm must submit Form U4 through the CRD system.
3. Receive Enrollment Notification: Once processed, FINRA will send you enrollment instructions.
4. Schedule the Exam: You will have a 120-day window to schedule and take the exam at a Prometric test center. ​Financial Academy+4FINRA+4Wikipedia+4FINRA+1Securities Training Corporation+1Securities Training Corporation

🔍 Additional Information

• Exam Details:
  • Duration: 3 hours and 45 minutes
  • Questions: 150 multiple-choice questions
  • Passing Score: 70%
  • Cost: $175 ​Kaplan Financial+2FINRA+2InnReg+2Investopedia+5Kaplan Financial+5FINRA+5
• Role of a General Securities Principal: Holders of the Series 24 license are qualified to supervise and manage various aspects of a broker-dealer’s operations, including underwriting, trading, and compliance with regulatory requirements. ​

🚀 Ready to Advance Your Career?

If you’re aiming for a supervisory role within a broker-dealer firm, obtaining the Series 24 license is a crucial step. Ensure you meet all prerequisites and secure sponsorship to embark on this path.