FINRA
FINRA Series 24
General Securities Principal Qualification Examination
A principal-level securities license that qualifies a person to supervise and manage branch activities, including securities trading, underwriting, and customer-related functions at a broker-dealer. It is a key credential for those moving into supervisory roles.
What's on the exam
FINRA Series 24 Content Outline
Supervision of General Broker-Dealer Activities
30%Written supervisory procedures (WSP) · Firm registration and operations · Books and records requirements · Financial responsibility and net capital · Communications with the public
Supervision of Retail and Institutional Customer-Related Activities
21%New account opening and maintenance · Suitability and Regulation Best Interest · Handling customer complaints · Account types and documentation · Anti-money laundering oversight
Supervision of Trading and Market Making Activities
21%Order entry, routing and execution · Market making and trading rules · Best execution obligations · Prohibited trading practices · Trade reporting
Supervision of Investment Banking and Research
21%Underwriting and new financing supervision · Research analyst and report rules · Conflicts of interest and information barriers · Public offering filings · Regulation M and related rules
Supervision of Registration of the Broker-Dealer and Personnel Management Activities
6%Firm and associated-person registration · Qualification and continuing education · Hiring, screening and Form U4/U5 · Statutory disqualification · Personnel management requirements
Frequently asked questions
How much does the FINRA Series 24 cost?
The FINRA Series 24 costs $235. FINRA exam fee is $235; confirm the current amount on the FINRA fee schedule.
How long is the FINRA Series 24 and how many questions does it have?
150 scored multiple-choice items (plus 10 unscored pretest items; 160 total) — 3 hours 45 minutes.
What do you need to pass the FINRA Series 24?
70%.
Can you retake the FINRA Series 24?
After 30 days for the first two failures; 180 days after a third.
What is the best way to study for the FINRA Series 24?
Study the official blueprint, not random material: the exam is weighted by domain (Supervision of General Broker-Dealer Activities 30%, Supervision of Retail and Institutional Customer-Related Activities 21%, Supervision of Trading and Market Making Activities 21%, Supervision of Investment Banking and Research 21%, Supervision of Registration of the Broker-Dealer and Personnel Management Activities 6%). Spaced-repetition flashcards built domain-by-domain against that blueprint are the most time-efficient way to cover everything the exam tests.
Program in development
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