Have a question?
Send enquiry
Message sent Close
FINRA Exam > Blog > Finance > Series 24 Testing Guidelines Clarified in Recent Memo

Series 24 Testing Guidelines Clarified in Recent Memo

  • April 1, 2025
  • Posted by: 'FINRA Exam Mastery'
  • Category: Finance
No Comments

​The Series 24 exam, officially known as the General Securities Principal Qualification Examination, is administered by FINRA to assess the competency of individuals seeking to supervise or manage investment banking or securities business activities. While there hasn’t been a recent memo specifically clarifying testing guidelines for the Series 24 exam, it’s important to stay informed about any updates or changes to the exam structure or content.​YouTube+5kaplanfinancial.com+5FINRA+5

Key Details About the Series 24 Exam:

  • Purpose: Qualifies individuals to supervise and manage activities such as underwriting, trading, market making, and overall compliance within a broker-dealer.​
  • Prerequisites: Candidates must be associated with and sponsored by a FINRA member firm and have passed one of the corequisite exams, such as the Series 7, 79, or 82.​FINRA+1kaplanfinancial.com+1
  • Exam Format:
    • Number of Questions: 150 multiple-choice questions.
    • Duration: 3 hours and 45 minutes.
    • Passing Score: 70%.​kaplanfinancial.com
  • Content 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.​FINRA+3FINRA+3kaplanfinancial.com+3

Preparation Tips:

  • Understand the Exam Content: Familiarize yourself with the exam outline and focus on areas where you need improvement.​FasterCapital
  • Create a Study Plan: Allocate specific times for studying each topic and stick to your schedule.​FasterCapital
  • Utilize Quality Study Materials: Consider using reputable study guides, practice exams, and online resources tailored for the Series 24 exam.​FasterCapital
  • Practice Exams: Regularly take practice exams to assess your knowledge and get comfortable with the exam format.​
  • Join Study Groups: Engaging with peers can provide additional insights and keep you motivated.​

Additional Resources:

Staying updated with FINRA’s notices and guidelines is crucial for any changes related to the Series 24 exam. Regularly check FINRA’s official website for the latest information.

Finance
Skip to content