Monday, January 30, 2023
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Series 24 - General Securities Principal

The Series 24 examination is a three hour 150 multiple-choice question exam which is taken in one sitting. The cost of the examination is approximately $105.00 (as of 9/26/10).

The exam covers the five following sections:

  1. Supervision of Investment Banking, Underwriting Activities and Research (~ 33 questions)
  2. Supervision of Trading and Market Making Activities (~ 31 questions)
  3. Supervision of Brokerage Office Operations (~ 29 questions)
  4. Sales Supervision and General Supervision of Employees (~ 43 questions)
  5. Compliance with Financial Responsibility Rules (~ 14 questions)
A "passing" score is 70% and there is NO penalty for guessing. Each question consists of four possible choices.

FINRA has produced a Series 24 content outline, which is available for free.