What Is the Series 24 Exam? A Full Guide
- April 1, 2025
- Posted by: 'FINRA Exam Mastery'
- Category: Finance
📘 What Is the Series 24 Exam? A Full Guide
Your Path to Becoming a General Securities Principal
The Series 24 exam—also known as the General Securities Principal Qualification Exam—is the gateway for individuals aiming to supervise or manage activities at a FINRA-registered broker-dealer. If your career goal is to move into a leadership or compliance role in the securities industry, the Series 24 is essential.
🎯 Purpose of the Series 24 Exam
The exam qualifies you to oversee a wide range of activities, including:
- Supervision of trading and market making
- Oversight of underwriting and investment banking
- Managing the registration of personnel
- Supervising retail and institutional customer interactions
- Monitoring broker-dealer operations and compliance
It’s designed to ensure you understand regulatory rules, supervisory procedures, and the responsibilities that come with managing registered representatives and their business practices.
📋 Key Exam Details
- Number of Questions: 150 scored + 10 unscored (randomly distributed)
- Format: Multiple-choice
- Passing Score: 70% (105 correct answers)
- Time Limit: 3 hours and 45 minutes
- Prerequisites: You must pass the SIE (Securities Industry Essentials) exam and a representative-level exam such as Series 7, Series 79, or Series 82.
🧠Exam Topics Overview
The Series 24 is divided into five functional areas:
- Supervision of Registration of Broker-Dealer and Personnel Management Activities
- Supervision of General Broker-Dealer Activities
- Supervision of Retail and Institutional Customer-related Activities
- Supervision of Trading and Market Making Activities
- Supervision of Investment Banking and Research
Each area covers specific rules, procedures, and real-world scenarios relevant to compliance and management.
📚 Who Should Take the Series 24?
This exam is ideal for:
- Supervisors and branch managers
- Compliance officers
- Department heads in trading, investment banking, or retail operations
- Anyone seeking a leadership position at a broker-dealer
💡 Tips for Preparation
- Allocate at least 100–150 hours of focused study
- Use practice exams to simulate real test conditions
- Master FINRA and SEC rules, supervisory responsibilities, and disciplinary procedures
- Focus on understanding regulatory context, not just memorizing facts
🚀 Advance Your Career with Confidence
The Series 24 is more than a test—it’s a stepping stone to leadership in the securities industry. Whether you’re climbing the compliance ladder or preparing to run a branch, this exam gives you the authority and credentials to lead.
At finra-exam-mastery.com, we offer complete Series 24 prep courses with everything you need to pass on your first try. Lifetime access, realistic questions, expert strategies.
📘 Join today and take control of your professional future.