Preparatory Course Series24 USA American Broker Examination Securities (FINRA)
Series 24 – General Securities Principal Exam
The Series 24 exam — the General Securities Principal Qualification Exam (GP) — assesses the competency of an entry-level principal to perform their job as a principal dependent on their corequisite registrations.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a principal, including the rules and statutory provisions applicable to the supervisory management of a general securities broker-dealer.
The Series 24 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the five major job functions of a general securities principal. You can view courses in the curriculum.
In addition to the Series 24 exam, candidates must pass the Securities Industry Essentials (SIE) Exam and a representative-level qualification exam, or the Supervisory Analysts Exam (Series 16) exam, to hold an appropriate principal registration. Based on their corequisite qualification(s), candidates will receive the following principal registration(s) upon passing the Series 24 exam:
|Corequisite Exam(s)||Principal Registrations|
|SIE + Series 7||General Securities Principal (GP)|
|SIE + Series 57||Trader Principal (TP)|
|SIE + Series 79||Investment Banking Principal (BP)|
|SIE + Series 82||Private Securities Offerings Principal (PO)|
|SIE + Series 86 and 87||Research Principal (RP)|
|Series 16||Research Principal (RP)|
A general securities principal’s supervisory responsibilities are governed by the limitations of their representative-level registrations. Covered supervisory activities include regulatory compliance over:
- Market making
Information is based on content from https://www.finra.org/registration-exams-ce/qualification-exams/series24