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.Click to see full answer. Thereof, what is the Series 24 pass rate?94%Likewise, how long does it take to pass the Series 24? Each candidate will have three hours and 30 minutes to complete the exam. A score of 70% or higher is required to pass. The Securities Institute will make sure that you have the required knowledge to pass the Series 24 and will ensure that you are confident in the application of the knowledge during the exam. Thereof, who needs a Series 24 license? Series 24 Exam Details. 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 is a series license?The Series 6 license is known as the limited-investment securities license. It allows its holders to sell “packaged” investment products such as mutual funds, variable annuities, and unit investment trusts (UITs).

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