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Series 24 Study Guide / Series 24 Course / Series 24 Flashcards Series 24 Test BreakdownLicensed sales representative of stock brokerage firms can qualify to become a principal of the company by passing the General Securities Principal Examination (Series 24), which is administered by the Financial Industry Regulatory Authority. Higher level employees of brokerage firms who carry a lot of authority and supervise many employees or are the person who carries the final responsibility for certain activities are known as principals. Principals are well compensated for their high levels of duties and responsibilities, and many stock brokers aspire to be one. One of the main principals of a brokerage firm is the General Securities Principal. A GSP is a person who oversees activities of the brokerage firms such as variable annuities and mutual funds, corporate investment banking, or direct participation programs. By taking and passing Series 24, you put yourself in a position to move up to a very high level of responsibility with your firm. The test is given at many different locations across the country, and it will cost you $75 to take it, and can usually be taken Monday through Saturday. You will be provided with note paper and a calculator; do not bring your own. You will be given two and a half hours to complete the 150 questions on the Series 24 exam, and you'll need to answer at least 70% of the correctly to pass. Subjects covered will include managing a firm's investment banking, managing employees and their activities, managing the operations of a firm's office, complying with FINRA regulations, adhering to financial responsibility rules, and managing a firm's market making and trading. The Series 23 is a difficult and rigorous test, but passing it will give you the chance to become one of your company's movers and shakers. It's worth whatever study and effort it takes to pass it. Series 24 Study Guide / Series 24 Course / Series 24 Flashcards Click Here for
Series Test Breakdown
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