Info 1: series 24 exam definition
Info 2: how the series 24 works
Info 3: series 24 vs series 7
Info 4: example of series 24
Opening information:
Series 24 exam sentence breaks into three words series, 24 and exam. Series means part of one event or matter in whole thing, 24 means number which represent some value, exam means test which are used to qualify.
Series 24 exam means test to qualify someone or something based on the part of numbers 24. So now lets have a look what is a series 24 exam, how the series 24 exam works by useful for people’s who need to became the representative, and what is the difference between the series 24 and series 7, finally one clear example about the series 24.
Info 1: series 24 definition
Whenever someone willing to became the principal for the any kind of primary and secondary school. Which that person must need to posses all the knowledge that requires being a principal of such school.
However which that person at least need a one master skill and management control knowledge to be a principal of any school.
So the human who works as principal they need to pass the certain kind of exam and experience before they appoint as a principal for any school.
This same concept would be applied to stock market, who need to became the principal on the general securities in the public market, which must need to posses and pass the exam of general securities principal.
Which this general securities principal exam is what named as series 24 exam in the public market, so let’s dive into know how the series 24 exam works.
Info 2: how series 24 works
The series 24 is represent as a exam for qualifying certain individual as a general securities principal activities involved person.
Therefore anyone who need to responsible and involved in the underwriting works, trading, market maker would must need to pass the series 24 exam.
The series 24 exam doesn’t represent any basic test or qualifications exam for people who need to involve in the market Securities, it’s a advance level exam where candidate must need to pass the security essential exam SIE and series 16 exam as a supervisory analyst.
Any person who are involved in the works of one regulation of underwriting by breaking the laws of rules, which are heavily punished by the regulators of such market and exams providers.
Or if the candidate didn’t passed the series 16 exam instead they are allowed to register and write the exam of series 24 after the passing of series 7 or series 57 or series 79 exam extra…
In the series 24 exam, the test occupied the 150 questions and which the candidate are must need to take or reach at least 70 percent of the questions correctly, to across the pass marks or 70 percentage, the exam writer need to check correctly 105 questions.
Other than 105 questions, other questions are not choice but helps to reach the candidate high level marks by avoiding the fail marks.
The exam would be conducted for nearly three and half hours based on the today constructed question.
Supposed if the questions or exam pattern increase or decrease, then such time frame changes accordingly in future. Using the series 24 exams pass marks candidate would got the licensed from the financial Industry regulated authority (FINRA) to participate in the activities of underwriting and trading works.
But most of the people’s confuse the series 24 exam and series 7 because high similarities, so let’s jump into know the key difference in it anyway.
Info 3: series 24 vs series 7 exam
The difference between the series 24 and series 7 exam, the series 7 exam refer the test of qualifications for became the general securities representative but not for became the supervisory or chief in any of the activities like trading or underwriting works of investment bank.
On the other side, the people’s who are willing to became the chief or head of one specific activities in the main works including the marketing, then such FINRA member must need to take a exam of general security principal exam, that principal exam what is known to be as a series 24.
To make you more clear about the series 24 exam lets seen into one clear example below.
Info 4: example of series 24 exam
Say you and your friends need to achieve different professional in public Securities market, your friend looking to got job in brokerage Industries as general representative.
And you are the one who looking to got job as a supervisory or manager of one broker or dealer activities such as market making and underwriting.
Here you need to take security essential exam SIE, series 7 exam and series 24 exam, but your only need a SIE and series 7 exam to pass it.