Series 24 – General Securities Principal Exam Practice Test

Series 24 Exam at a Glance

Facts verified Oct 22, 2026 against Financial Industry Regulatory Authority. Dates that have passed are removed automatically.

How Hard Is the Series 24 Exam

The Series 24 exam is a licensing examination for financial professionals seeking to manage and supervise a FINRA member firm’s general securities business. Known as the General Securities Principal Qualification Examination, this test is administered by FINRA and assesses candidates’ ability to perform supervisory duties in areas such as trading, market making, and advertising. Practice with the free Series 24 – General Securities Principal practice test on PracticeTestGeeks (7 questions with answer explanations).

The FINRA Series 24 exam contains 150 questions and requires up to three hours and 45 minutes to complete. The passing score is 70% (105 correct answers). Candidates must be sponsored by a FINRA member firm or another self-regulatory organization to take the exam.

The Series 24 is a difficult exam because it requires a deep understanding of the rules and statutory provisions that govern managing and supervising a broker-dealer’s general securities business. It also requires knowledge of a broad range of topics, including real estate investment trusts, investment banking, corporate securities, and brokerage operations. Having the right study materials and strategy can tip the scales in your favor, so you can pass the Series 24 exam on your first try.

Free Series 24 – General Securities Principal Exam Study Tools

Interactive Series 24 – General Securities Principal Exam resources on PracticeTestGeeks, free to start:

• Series 24 – General Securities Principal Exam Underwriting & Securities Offerings 1 — 7 questions with answer explanations
• Series 24 – General Securities Principal Exam flashcards — review key terms and concepts card by card
• Series 24 – General Securities Principal Exam study guide — topic-by-topic overview of what the exam covers
• Series 24 – General Securities Principal Exam cheat sheet — one-page printable summary for last-minute review

General Securities Principal Jobs

If you want to be a general securities principal, you’ll need to pass the Series 24 exam. This FINRA exam measures the competence of entry-level principal candidates to carry out the critical job functions associated with the position. These include advertising, market making, trading, and underwriting. The Series 24 is a difficult exam, and you’ll need to do a lot of preparation to prepare for it.

The exam consists of 150 scored questions and 10 unscored experimental questions. Candidates are allowed three hours and 45 minutes to complete the exam, and they must score at least a 70% to pass. The exam is divided into five sections that represent the major job functions of a general securities principal.

While the Series 24 is a tough exam, it’s also an excellent opportunity to gain experience and improve your skills. With Solomon’s FINRA Series 24 Exam Prep, you can get the tools you need to succeed in your career as a general securities principal. Try a free sample exam and see how you can increase your chances of passing the Series 24.

General Securities Principal Salary

The Series 24 exam is a requirement for anyone who wants to become a general securities principal. The exam focuses on the supervisory duties of principals, such as supervision of investment banking and securities business, underwriting, trading and market making. The exam lasts three hours and consists of 150 multiple-choice questions, including 10 unscored “pretest” questions.

The exam is administered by the Financial Industry Regulatory Authority (FINRA). It is one of 33 exams that are required to work in certain positions within a broker dealer. The other exams include Series 7, Series 63, and Series 66.

The Series 24 is a tough exam, but it can pay off if you pass it. According to Payscale, a general securities principal makes an average of $82,000 a year. Moreover, the job outlook is strong. However, it’s important to prepare thoroughly for the test. The best way to prepare is to study the exam content and practice with simulated exams. You can also get a free FINRA best practices guide to help you prepare.

Pros and Cons at a Glance

Sample Series 24 – General Securities Principal Exam Practice Questions

Try these questions from our free Series 24 – General Securities Principal Exam practice tests. The correct answer and an explanation follow each question.

1. In Series 24 - General Securities Principal, what role does employee training play in risk management & mitigation?

   • A. It ensures all personnel can recognize, report, and respond to hazards
   • B. It is optional and only for new employees
   • C. It primarily serves as a legal formality
   • D. It is only needed after an incident occurs

Answer: A. It ensures all personnel can recognize, report, and respond to hazards

Training empowers all personnel to recognize hazards, follow proper procedures, and respond effectively, making it a cornerstone of any safety program.

Answer: C. 90 days

SEC Rule 17a-5 requires broker-dealers to file annual audited financial statements with their DEA within 60 days after the firm's fiscal year end.

Answer: A. Stakeholder buy-in and a clear change management plan

Stakeholder buy-in and a structured change management plan significantly increase the likelihood of successful implementation.

Answer: B. Setting the final offering price, allocating shares to syndicate members, and overseeing stabilization

The managing (book-running) underwriter leads the syndicate, negotiates the offering price with the issuer, allocates shares among members, and coordinates any permitted stabilizing transactions.

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