🛡️ Series 24 for Risk Management Professionals

The Series 24 – General Securities Principal Exam is a pivotal qualification for professionals aiming to oversee and manage various aspects of a broker-dealer’s operations. For those in risk management, this license not only broadens supervisory capabilities but also enhances the ability to enforce regulatory compliance and mitigate operational risks effectively.​

🎯 Why Risk Professionals Pursue the Series 24

Risk management roles, such as Chief Risk Officers (CROs), Compliance Officers, and Risk Advisors, require a deep understanding of regulatory frameworks and supervisory responsibilities. The Series 24 license empowers these professionals to:​

• Supervise: Oversee trading, underwriting, and other critical functions within a broker-dealer.
• Enforce Compliance: Ensure adherence to FINRA rules and federal securities laws.
• Mitigate Risks: Identify and address potential compliance and operational risks proactively.
• Lead Effectively: Provide informed leadership in developing and implementing risk management strategies.​FINRA+2Study.com+2Investopedia+2

📚 Exam Structure and Content

The Series 24 exam assesses the competency of entry-level General Securities Principals. It covers the following key areas:​kaplanfinancial.com+3FINRA+3SEC+3Investopedia

• Supervision of Investment Banking Activities: Understanding underwriting and advisory services.
• Supervision of Trading and Market Making Activities: Overseeing trading operations and ensuring market integrity.
• Supervision of Brokerage Office Operations: Managing day-to-day operations within a brokerage setting.
• Sales Supervision and General Supervision of Employees: Ensuring sales practices comply with regulatory standards.
• Compliance with Financial Responsibility Rules: Maintaining the firm’s financial integrity and solvency.​Study.com+2LinkedIn+2FINRA+2static.kaplanlearn.com+1FINRA+1

The exam consists of 150 multiple-choice questions to be completed in 3 hours and 45 minutes, with a passing score of 70%. ​

🧩 Integration with Risk Management Roles

Holding the Series 24 license complements risk management responsibilities by:​

• Enhancing Oversight: Providing the authority to supervise various departments, ensuring a cohesive risk management approach.
• Strengthening Compliance: Facilitating the development and enforcement of robust compliance programs.
• Improving Communication: Serving as a liaison between regulatory bodies and the organization, ensuring transparent communication.
• Supporting Strategic Decisions: Offering insights into regulatory implications of business strategies and operations.​

✅ Eligibility and Prerequisites

To sit for the Series 24 exam, candidates must:​

• Be Sponsored: Associated with and sponsored by a FINRA member firm.
• Hold a Qualifying License: Possess one of the following: Series 7, Series 17, Series 37, Series 38, Series 57, Series 62, Series 79, or Series 82. ​Wikipedia+3SEC+3FINRA+3FINRA+2Finance Strategists+2kaplanfinancial.com+2

📥 Advance Your Risk Management Career

Earning the Series 24 license positions risk management professionals to take on greater supervisory responsibilities, ensuring that broker-dealer operations adhere to regulatory standards and effectively manage potential risks.​

👉 Explore Series 24 exam preparation resources at FINRA Exam Mastery