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Train the way you'll be tested. With the most clinically accurate, expertly written question bank, you’ll build the speed, accuracy, and confidence needed to pass the Series 24 License on your first attempt.

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Frequently Asked Questions

What is the Series 24 exam?

The Series 24 exam is a FINRA qualification exam for General Securities Principals. It measures a candidate’s ability to supervise broker-dealer activities, including sales practices, trading, operations, and compliance with securities laws and FINRA regulations.

Who needs to take the Series 24 exam?

The Series 24 exam is required for individuals who want to act as General Securities Principals. These professionals supervise registered representatives, approve business activities, and ensure firms follow securities laws and FINRA rules.

What are the prerequisites for the Series 24 exam?

To take the Series 24 exam, a candidate must be sponsored by a FINRA member firm. The candidate must also hold or qualify for a representative-level registration such as the Series 7, along with passing the SIE exam.

How much time is given for the Series 24 exam?

Candidates are given 3 hours and 45 minutes to complete the Series 24 exam. This time includes reading questions, answering them, and reviewing responses. Time management is important due to the length and detail of the questions.

What topics are covered on the Series 24 exam?

The exam covers supervision of broker-dealer registration, general operations, customer accounts, trading activities, underwriting, research, and advertising. It focuses on applying FINRA and SEC rules to real supervisory situations rather than memorizing definitions.

Is the Series 24 exam difficult?

The Series 24 exam is considered challenging because it tests supervisory judgment and rule application. Many questions are scenario-based and require understanding how regulations apply to real business situations within a broker-dealer firm.

How long should I study for the Series 24 exam?

Most candidates study for six to ten weeks before taking the Series 24 exam. Study time depends on prior experience, familiarity with FINRA rules, and daily study hours. Consistent review and practice questions improve understanding and retention.

Are practice exams helpful for the Series 24?

Yes, Prephow Practice exam questions are very helpful for Series 24 preparation. They allow candidates to become familiar with question style, timing, and rule application. Reviewing explanations for both correct and incorrect answers helps identify weak areas that need further study.

Do I need the SIE exam for the Series 24?

Yes, passing the Securities Industry Essentials exam is required. The SIE exam tests basic securities knowledge and is a core requirement along with a representative-level exam before obtaining a principal-level registration like Series 24.

What jobs require a Series 24 license?

The Series 24 license is required for supervisory roles such as branch managers, compliance supervisors, trading supervisors, and principals overseeing underwriting or research. These roles involve approving activities and ensuring compliance with securities regulations.