Who needs a Series 24 license?

The FINRA® Series 24, General Securities Principal Qualification Exam is required of individuals responsible for the management or supervision of a member’s investment banking or securities business. The Series 24 qualifies an individual as a General Securities Principal.

What will disqualify you from FINRA?

causing repeated and routine scheduling problems; being unprepared for conferences and hearings; being unwilling to abide by the Code; and. violating the Code of Ethics for Arbitrators in Commercial Disputes.

What are the requirements for FINRA?

Minimum FINRA Registration Requirements The FINRA Rule 1010 Series outlines a requirement for each new Applicant for membership, except sole proprietorships, to have at least two registered principals and one Financial and Operations Principal (FinOp).

What is a Series 24 securities license?

The Series 24 is an exam and license entitling the holder to supervise and manage branch activities at a broker-dealer. It is also known as the General Securities Principal Qualification Examination and was designed to test the knowledge and competency of candidates aiming to become entry-level securities principals.

What does a Series 24 allow you to do?

By passing the Series 24, the candidate can supervise all areas of the member’s investment banking and securities business, such as underwriting, trading and market making, advertising, or overall compliance with financial responsibilities.

What jobs can I get with a Series 24?

General Securities Principal – (FINRA Series 24) Jobs by Salary

Job Title Range Average
Chief Compliance Officer Range:$73k – $189k Average:$128,043
Compliance Analyst Range:$50k – $83k Average:$65,694
Compliance Manager Range:$59k – $118k Average:$88,382
Senior Compliance Analyst Range:$63k – $95k Average:$78,383

How far back does FINRA background check?

Employment History FINRA has stated that it expects firms to verify the full ten-year employment history listed on the Form U4.

Are FINRA exams hard?

The key to success for any candidate studying for the FINRA General Securities Representative Exam (Series 7) is strong preparation. The Series 7 is a challenging exam; the level of difficulty of the exam will depend on your current knowledge, previous work experience, and how well you prepare.

Who can join FINRA?

(a) Any registered broker, dealer, municipal securities broker or dealer, or government securities broker or dealer authorized to transact, and whose regular course of business consists in actually transacting, any branch of the investment banking or securities business in the United States, under the laws of the …

Does Series 24 expire?

To come back to the industry as a Series 24 supervisor, you must take the Series 24 only (expired after two years). No top-off or SIE is required. Assume you hold a Series 24 registration and leave the industry for five years.

How long does it take to study for the Series 24?

By using the guide and committing to the strategy it details, candidates can gain the confidence they need to achieve success on the exam on their first attempt with approximately 100 hours of study.