AVAILABLE COURSES - Series 24

"Thanks to you and the testeachersonline company, I have now successfully passed all of my Financial Services Licenses. I passed the Series 6 and 63 on the first attempt and because of your new on-line Series 24 course I was able to pass this one after 2 unsuccessful attempts before. Your attention to detail with full line examples of the material makes it very easy to understand. Your example questions also matched up well with the actual exam questions also. I would recommend this course and all of TesTeachers courses to anyone that asks. We are a firm believer in the courses... We have not had a single new agent not pass their course on their first attempt. Thanks for all that you do in this industry!" -Mark, Series 24

Mark is a real student, who passed his exam the first time after completing our innovative online program.  He is not the only one.  If you want to join him, and thousands like him, click "Register Now" above to begin your journey to becoming a licensed Series 24 representative.

We have two study options outlined below that will give you everything you need to ace your Series 24 exam.  Our students speak volumes for the effectiveness of our programs.  Click the  "Testimonials" link above to look through over 7,500 positive reviews of our programs.

Let our experience be your advantage and find out why Success Starts Here with TesTeachers.

Option 1 - Online Series 24 Video Lecture Course

This is it!  This is the course everyone in the industry has been talking about.  Our online Series 24 course is the truest replication of a live class you will find anywhere.  We offer the only course in the industry that can be used online or offline.  We allow our students to download our study manual and video lecture sessions to view offline.  The course includes real video lecture taught by an instructor using an actual board.  You won't find any powerpoint presentations here, or actors reading scripts, only real teachers who actually teach.  Did we mention you will also have access to the audio from the video lecture sessions in streaming and downloadable format?  Oh, there are also thousands of interactive online exams included in the course as well, not to mention real human technical support should you need it, in addition to content support provided by seasoned industry experts.

You get it ALL, which includes:

  • 8 Hours of Streaming & Downloadable Online Video
  • Exam Specific PDF Study Manual
  • Online Frequently Asked Questions
  • 662 Question Interactive Online Practice/ Final Exams
  • Securities Glossary
register now

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OPTION 2 - SELF STUDY

If you would rather study the old fashioned way we can help you there too. We have hard copy Study Manuals, Exam Simulation Computer Disks, and DVDs available on our publishing site:

 

 

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SO WHAT IS THE SERIES 24 EXAM ALL ABOUT? CLICK HERE TO FIND OUT.

Click here for the vitals on the Series 24 Exam

  • Exam administration:

    The Series 24 exam is multiple choice and is given on a computer

  • Number of questions:

    160 questions (150 scoreable plus 10 experimental) / 225 minute time limit.

  • Passing score required:

    70%

  • Pre-requisites:

    You have to hold a Series 7, 17, 37, 38, 62, 79, or 82 license to take the exam

  • Exam fee:

    $115

  • Exam locations:

    You can schedule your exam with either Prometric (www.prometric.com) or Pearson VUE (www.pearsonvue.com)

  • Exam dates:

    Computerized exams are given at Prometric and Pearson Vue Testing Centers Monday – Friday and select locations on Saturday and Sunday

Common Series 24 Exam Candidate Frequently Asked Questions:

Who Takes the Series 24 Exam?

The Series 24 is for managers looking to supervise sales activities for General Securities (Series 7) licensed registered representatives.

Is the Series 24 exam different state to state?

No, the Series 24 exam is a federal exam and is the same in every state.

 

Do I need any other securities licenses to hold a Series 24 license?

You have to hold a Series 7, 17, 37, 38, 62, 79, or 82 license to obtain a Series 24 license.

 

What content does the Series 24 exam cover?

The Series 24 exam covers supervision of investment banking, underwriting, and research, supervision of trading and market activities,  The exam is administered by the Financial Industry Regulatory Authority (FINRA).

Do I need a sponsor to take the Series 24?

Yes, you will need to be sponsored by your employing broker/dealer to take this exam. If you do not have a sponsor you will be unable to take this exam. Generally, sponsorship relates to employment with a broker/dealer firm. We can not sponsor you to take this exam. We also cannot refer you to any specific firm as we provide training for many of the nations largest securities firms.

How do I schedule my Series 24 exam?

Usually your sponsoring broker/dealer firm will help you fill out and submit the necessary paperwork and fees to FINRA to open your window to take the Series 24 exam.

What should I bring to the test center the day of my Series 24 exam?

You should bring your Key Facts from our Series 24 exam prep course to re-read just prior to going in to take your Series 24 exam. This will load your memory for the test. You cannot take anything into the test room with you other than what the proctor provides you. You will be able to leave your personal belongings in a locker in the testing center waiting room. They will provide you with a pen/pencil, scratch paper, and a basic function calculator at the test site. Make sure to write down your cheat sheet on your scratch paper when you sit down at your cubicle prior to starting your Series 24 exam. This will allow you to refer back to it whenever you need to during the exam.

If I don't pass is there any waiting period that applies before I can retake the Series 24 exam?

If you study correctly you will pass this exam. However, if for some reason you do fail on your first attempt at the Series 24 exam, your sponsor can submit an amendment to reopen a window in which you can take the exam again. This window will not open until 30 days since your last exam attempt has transpired. At this point, your window will be open for 90 days.

There is no requirement for a sponsor firm to terminate your employment should you fail. However, every time you rewrite the exam, you must pay the required registration fee. So your employer may require you to reimburse the fees paid to re-schedule the exam.

After three failed attempts, you must wait six months before you can re-take the exam for the fourth time. The six-month requirement is intended to provide a window in which an individual can ensure he or she is prepared for the fourth exam attempt. This process will then continue indefinitely, as there is no limit as to the number of times you can attempt the Series 24 exam.

What do the questions on the Series 24 exam look like?

Here are two Series 24 exam questions that come from our materials that are very similar to the formatting and content of the questions on the exam:

1. A customer holds securities in his margin account worth $40,000 and has a net debit balance of $20,000. The maximum dollar amount which the broker/dealer could borrow using this customer's securities as collateral is:

A. $20,000

B. $28,000

C. $30,000

D. $40,000

 

2. Which of the following represents the minimum age withdrawals may start from an Individual Retirement Account without incurring premature withdrawal penalty (assuming a person is not permanently disabled)?

A. 59 1/2

B. 60

C. 65 1/2

D. 70 1/2

 

Answers and explanations to the previous questions as found in our comprehensive Series 24 exam prep online and print materials are as follows:

1. Answer - B Explanation:

  The broker/dealer is only allowed to borrow the amount that has been loaned to the customer. Do not confuse this question with the question that asks, “What is the value of securities that may be pledged as collateral for the loan?” The answer to that question would be 140% of the loan amount = 140% time $20,000 = $28,000.

2. Answer - A Explanation:  

Early withdrawal penalties of 10% apply to withdrawals taken out of an IRA under age 59 1/2, with slight exception.

 

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