Series 24 for Broker-Dealer Management
- April 1, 2025
- Posted by: 'FINRA Exam Mastery'
- Category: Finance
🏢 Series 24 for Broker-Dealer Management
The Series 24 license is essential for professionals aiming to supervise, manage, and lead operations at a FINRA-member broker-dealer. This license qualifies individuals to oversee sales, trading, investment banking, advertising, and compliance—making it a key credential for high-level responsibility in the securities industry.
🎯 What Is the Series 24?
The Series 24, also known as the General Securities Principal Exam, is designed to assess a candidate’s ability to manage and supervise broker-dealer activities. It is administered by FINRA and is often required for roles involving:
- Branch management
- Trading desk oversight
- New account approvals
- Supervisory control of registered representatives
- Review and approval of advertising and communications
📋 What the Series 24 Authorizes You to Supervise
| Activity Area | Supervision Allowed with Series 24 |
|---|---|
| Retail and institutional sales | ✅ Yes |
| Trading and market-making | ✅ Yes |
| Investment banking and underwriting | ✅ Yes |
| Advertising and public communications | ✅ Yes |
| Options trading | ❌ No (requires Series 4) |
| Municipal securities | ❌ No (requires Series 53) |
The Series 24 offers broad supervisory authority, but certain specialty areas require additional licenses.
🧠 Exam Overview
- Number of Questions: 150 scored + 10 unscored
- Time Limit: 3 hours and 45 minutes
- Passing Score: 70%
- Cost: Approximately $150
- Prerequisite: Must hold Series 7 or equivalent license
🧩 Key Topics Covered
- Supervision of Investment Banking and Underwriting
- Supervision of Trading and Market-Making
- Customer Account Supervision
- Regulatory Framework and Compliance Oversight
- Review and Approval of Marketing Communications
The Series 24 exam is rule-heavy, requiring deep familiarity with FINRA, SEC, and MSRB guidelines, as well as internal broker-dealer controls.
💼 Who Should Get the Series 24?
Ideal candidates include:
- Branch Managers
- Compliance Officers
- Trading Desk Supervisors
- Operations Managers
- New Account Supervisors
- Investment Banking Leaders
This license is often a requirement for promotion within broker-dealers and a gateway to senior compliance and leadership roles.
📈 Career Impact
Holding a Series 24 license can:
- Increase your earning potential
- Qualify you for senior management positions
- Broaden your role across departments
- Demonstrate regulatory and supervisory competency
- Enhance credibility with clients and regulators
✅ Prepare to Lead with Confidence
Our Series 24 exam prep system is built for future leaders in broker-dealer firms. Access full-length simulations, legal framework guides, rule-specific drills, and expert-led video lessons—designed to help you pass on the first attempt.
Start your Series 24 journey today at finra-exam-mastery.com