The general securities principal exam, commonly referred to as the Series 24 exam, is administered by the U.S.

Financial Industry Regulatory Authority The Financial Industry Regulatory Authority (FINRA) is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets. FINRA is the successor to the National Associati ...

(FINRA) which qualifies a registered individual to supervise or manage branch activities such as corporate securities,

REIT A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping ce ...

s, variable contracts, and

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

; a general principal may also approve advertising and sales literature, including communications regarding municipal securities. The exam covers topics such as supervision of investment banking, trading, customer accounts, and the primary/secondary markets. A Series 24 license does not qualify an individual to function as a: * Registered options principal –

Series 4 Series 4 could refer to: * Aston Martin Lagonda Series 4, the automobile model * BMW 4 Series, the automobile model line * GeForce 4 series, line of nVidia video cards * Scania 4-series, the truck model line * South African Class 6E1, Series 4, e ...

* General securities sales supervisor for options and municipal securities –

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* Municipal securities principal – Series 53 * Municipal fund securities principal – Series 51 * Financial and operations principal – Series 27 * Introducing broker/dealer financial and operations principal – Series 28 The Series 24 Exam is made up of 150 questions. Candidates have up to 3.5 hours to take the exam. 70% (105 correct answers) is considered a passing grade. In order to take the Series 24 exam, a candidate must be sponsored by a member firm of FINRA or another SRO (self-regulatory organization).

External links

SECSeries 24 - General Securities Principal Exam at FINRA.org
United States securities law Standardized tests in the United States Professional certification in finance {{econ-stub

See also

External links