Series 24 — General Securities Principal — Study Guide
Free, topic-by-topic study notes for the Series 24 — General Securities Principal exam. Read a chapter, then practice it.
General Broker-Dealer Activities
A general securities principal supervises the firm's overall business and its compliance with FINRA and SEC rules. This chapter covers the supervisory system, written procedures, financial responsibility rules, books and records, communications, and anti-money-laundering oversight.
Customer-Related Activities
This chapter covers the rules that protect customers: account opening, suitability and the best-interest standard, margin, communications with the public directed at retail customers, and the handling of customer complaints and disputes.
Trading and Market Making
This chapter covers the supervision of trading activity: quoting obligations of market makers, best execution, order handling and limit-order protection, trade reporting, and rules against manipulation and insider trading.
Investment Banking and Research
This chapter covers the underwriting of new issues, the rules for public offerings, the separation of research from banking, and the special rules that protect the integrity of both functions.
Registration and Personnel Management
This chapter covers the registration, qualification, and continuing education of associated persons, and the disclosure and reporting duties tied to Form U4 and Form U5.
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