Are There Prerequisites for Taking the Series 24?
- April 2, 2025
- Posted by: 'FINRA Exam Mastery'
- Category: Finance
📝 Are There Prerequisites for Taking the Series 24 Exam?
📍 Posted on https://finra-exam-mastery.com
Yes—there are prerequisites for taking the Series 24 Exam, which qualifies individuals to supervise and manage branch activities at broker-dealer firms. The Series 24 is a principal-level license, so candidates must meet specific eligibility requirements before sitting for the exam.
✅ Key Prerequisite: Must Hold a Qualifying Representative License
You must already be registered with a representative-level license before you can take the Series 24. Acceptable licenses include:
- Series 7 – General Securities Representative
- Series 57 – Securities Trader
- Series 79 – Investment Banking Representative
- Series 86/87 – Research Analyst
- Series 22 – Direct Participation Programs
- Series 52 – Municipal Securities Representative
📌 Most candidates take the Series 24 after passing the Series 7.
🏛️ Sponsorship Required
- You must be sponsored by a FINRA-member firm
- The firm must file Form U4 on your behalf through the CRD system
- Self-registration is not permitted
🧠 Who Should Take the Series 24?
- Branch Managers
- Supervising Principals
- Compliance Officers
- Operations or Trading Desk Supervisors
- Anyone who supervises sales, underwriting, or advisory functions
📘 Summary
| Requirement | Needed? |
|---|---|
| FINRA-Member Sponsorship | ✅ Yes |
| Form U4 Submission | ✅ Yes |
| Hold Series 7 or Equivalent | ✅ Yes |
| College Degree | ❌ Not required |
| Prior Industry Experience | ❌ Not required (but helpful) |
🎓 Prepare with Confidence
Our Series 24 Exam Mastery Course includes:
✅ Lifetime access
✅ Video lessons aligned with FINRA’s content outline
✅ Practice exams with analytics
✅ Topic-specific study checklists
👉 Enroll now at https://finra-exam-mastery.com
📘 Finra Exam Mastery – Helping future principals lead with knowledge.