Series 24 case studies
Series 24 · Put your knowledge to work in context.
The Series 24 - formally the General Securities Principal Qualification Exam (GP) - is the FINRA qualification exam that assesses whether an entry-level principal can perform the supervisory job that depends on their corequisite registrations. It measures the knowledge needed for the critical functions of a principal, including the rules and statutory provisions that govern supervisory management of a general securities broker-dealer. The exam is built directly from the five major job functions in the content outline, and the item allocation is public and precise: 150 scored items split across Supervision of Registration and Personnel Management (9), General Broker-Dealer Activities (45), Retail and Institutional Customer-Related Activities (32), Trading and Market Making (32), and Investment Banking and Research (32). Candidates must be associated with and sponsored by a FINRA member firm (or another applicable SRO member firm) to sit for it, and the Series 24 carries corequisite requirements - SIE plus a representative-level exam such as the Series 7, 57, 79, 82, or 86/87, or the Series 16 - which together determine the principal registration earned. The Series 24 case studies are 5 cases and about 3,188 words.
1The Inactive Principal and the Columbus Office
Meridian Brokerage treats its nine-rep Columbus office as an OSJ. The designated principal there, D.
646 words, about 3 min2Keyword Search as a Supervisory System
Crestline Securities has 45 registered reps across three offices and no dedicated surveillance staff. Its written supervisory procedures provide that a compliance assistant will review 25 emails per rep per quarter using a keyword list last revised in 2018, forwarding hits to the CCO.
606 words, about 3 min3The Widow, the Leveraged ETF, and the Wire Request
Patel is 79, widowed, a retired teacher with 640,000 at the firm and 42,000 of annual Social Security and pension income. Her stated objective is 'preserve capital, some income.' Her rep, M.
676 words, about 3 min4One Venue, No Committee, and a Customer Order Left Waiting
Tilden Trading executes roughly 2,000 retail market orders a day. Every order goes to one wholesaler that pays 0.30 per 100 shares and fills at the NBBO.
611 words, about 3 min5The Sell Rating in the Pitch Deck
You are the CCO of a boutique broker-dealer. An analyst covers industrial technology and has a Sell rating and a 30 target on Apex Corp., which trades at 38.
649 words, about 3 min