Who Needs Series 24?
The Series 24 exam, also known as the General Securities Principal Qualification Exam (GP), is required for individuals who want to become a General Securities Principal (GSP). The GSP is responsible for supervising the activities of a general securities broker-dealer.
Eligibility Requirements
To be eligible to take the Series 24 exam, candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm. Candidates must also have passed the Securities Industry Essentials (SIE) Exam and a representative-level qualification exam, or the Supervisory Analysts Exam (Series 16) exam.
Exam Content
The Series 24 exam covers a range of topics related to the supervisory management of a general securities broker-dealer, including:
Key Facts
- The Series 24 exam, also known as the General Securities Principal Qualification Exam (GP), is required for individuals who want to become a General Securities Principal.
- The exam assesses the competency of an entry-level principal to perform their job as a principal dependent on their corequisite registrations.
- In addition to passing the Series 24 exam, candidates must also pass the Securities Industry Essentials (SIE) Exam and a representative-level qualification exam, or the Supervisory Analysts Exam (Series 16) exam, to hold an appropriate principal registration.
- The Series 24 exam covers a range of topics related to the supervisory management of a general securities broker-dealer, including registration of broker-dealer and personnel management activities, general broker-dealer activities, retail and institutional customer-related activities, trading and market making activities, and investment banking and research.
- Candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm to be eligible to take the Series 24 exam.
- Registration of broker-dealer and personnel management activities
- General broker-dealer activities
- Retail and institutional customer-related activities
- Trading and market making activities
- Investment banking and research
Passing Score
To pass the Series 24 exam, candidates must correctly answer at least 105 of the 150 scored questions. This equates to a score of 70%.
Sources
- Series 24 Exam Details
- Series 24 – General Securities Principal Exam
- Series 24: Definition, Prerequisites, Exam, Difficulty
FAQs
Who needs Series 24?
Individuals who want to become a General Securities Principal (GSP) need Series 24.
What is a General Securities Principal (GSP)?
A GSP is responsible for supervising the activities of a general securities broker-dealer.
What are the eligibility requirements for the Series 24 exam?
Candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm. Candidates must also have passed the Securities Industry Essentials (SIE) Exam and a representative-level qualification exam, or the Supervisory Analysts Exam (Series 16) exam.
What topics are covered on the Series 24 exam?
The Series 24 exam covers a range of topics related to the supervisory management of a general securities broker-dealer, including registration of broker-dealer and personnel management activities, general broker-dealer activities, retail and institutional customer-related activities, trading and market making activities, and investment banking and research.
What is the passing score for the Series 24 exam?
To pass the Series 24 exam, candidates must correctly answer at least 105 of the 150 scored questions. This equates to a score of 70%.
How long is the Series 24 exam?
Candidates have a maximum of three hours and 45 minutes to complete the Series 24 exam.
How many questions are on the Series 24 exam?
There are 150 scored questions and 10 unscored questions on the Series 24 exam.
What is the cost of the Series 24 exam?
The cost of the Series 24 exam is $175.