Free Series 24 – General Securities Principal Exam Questions and Answers
Series 24 – General Securities Principal Exam is part of FINRA qualification examinations from the Financial Industry Regulatory Authority. FINRA administers the qualification examinations for the US securities industry, including exams it delivers on behalf of other bodies — the Series 63, 65 and 66 are NASAA exams sat through the same system. Passing scores are set per exam rather than shared across the programme.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 15, 2026
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Question #1
A client wants to open a margin account. What must they provide to your firm?
Please select an optionIncorrectCorrect answer: C
A signed margin agreement is required for a client to open a margin account.
Was this answer correct?Question #2
What is the primary role of a General Securities Principal?
Please select an optionIncorrectCorrect answer: C
General Securities Principals primarily oversee the trading activities of registered representatives.
Was this answer correct?Question #3
If a broker-dealer executes a trade for a client without authorization, it is called
Please select an optionIncorrectCorrect answer: D
Executing a trade for a client without their authorization is referred to as an unsolicited trade.
Was this answer correct?Question #4
Under what condition must a firm file Form U4?
Please select an optionIncorrectCorrect answer: A
Form U4 must be filed for both hiring new employees and termination.
Was this answer correct?Question #5
What is the maximum fine for someone violating the securities laws?
Please select an optionIncorrectCorrect answer: D
Violators of securities laws can face maximum fines up to $25,000 depending on the nature of the offense.
Was this answer correct?Question #6
What is the primary purpose of a best efforts underwriting?
Please select an optionIncorrectCorrect answer: D
The primary purpose of a best efforts underwriting is to find investors for the offered shares.
Was this answer correct?Question #7
In the context of AML regulations, what does "KYC" stand for?
Please select an optionIncorrectCorrect answer: D
KYC stands for "Know Your Client," referring to the process of verifying the identity of clients.
Was this answer correct?Question #8
What is a potential consequence of a firm failing to comply with anti-money laundering regulations?
Please select an optionIncorrectCorrect answer: B
Non-compliance with AML regulations can result in the loss of a firm's license.
Was this answer correct?Question #9
How often should firms conduct compliance training for their employees?
Please select an optionIncorrectCorrect answer: C
Firms must conduct compliance training at least once a year for their employees.
Was this answer correct?Question #10
An investor wants to conduct a trade, but there are suspicious signs of possible market manipulation. What should the firm do?
Please select an optionIncorrectCorrect answer: A
Suspicious activities should always be reported to compliance for further investigation.
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FAQ
Learn More: https://www.finra.org/registration-exams-ce/qualification-exams
- Q1: What is the Series 24 – General Securities Principal Exam exam?
- A: Series 24 – General Securities Principal Exam is a FINRA certification exam. Judging by the questions in our bank, it concentrates on firm, broker-dealer, securities, firms and registered.
- Q2: What topics does the Series 24 – General Securities Principal Exam exam cover?
- A: Questions in our Series 24 – General Securities Principal Exam bank cluster around firm, broker-dealer, securities, firms, registered, trading, representative and account. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for Series 24 – General Securities Principal Exam?
- A: Work through the Series 24 – General Securities Principal Exam practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real Series 24 – General Securities Principal Exam exam questions?
- A: They are drawn from officially released past questions and from community members who have sat Series 24 – General Securities Principal Exam. Answers are verified and updated weekly.
- Q5: Where do I register for the Series 24 – General Securities Principal Exam exam?
- A: Register through FINRA directly at https://www.finra.org/registration-exams-ce/qualification-exams. Exampractice is not affiliated with FINRA and does not administer the exam.
- Q6: Is there a free Series 24 – General Securities Principal Exam sample?
- A: Yes. Every Series 24 – General Securities Principal Exam page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are FINRA Certification Exams?
- A: FINRA (Financial Industry Regulatory Authority) Certification Exams validate your expertise in the financial services industry. These exams assess your knowledge of securities regulations, investment products, ethics, and best practices for financial professionals. They are necessary for obtaining various licenses required to work in different roles within the financial industry.
- Q8: Why should I pursue FINRA Certification?
- A: FINRA Certification enhances your professional credibility, showcasing your understanding of securities laws and regulations. This can lead to better job opportunities, higher salaries, and career advancement in the financial services industry.
- Q9: What are the benefits of FINRA Certification?
- A: Benefits include recognition as a certified financial professional, compliance with industry regulations, improved job performance, access to exclusive resources, and staying current with the latest financial industry standards and practices.
- Q10: Who should take FINRA Certification Exams?
- A: Financial advisors, brokers, investment bankers, compliance officers, and anyone involved in the trading, advising, or managing of securities and investments should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of FINRA Certification Exams are available?
- A: FINRA offers various certification exams, including:
- Q12: How do I prepare for FINRA Certification Exams?
- A: Preparation can include official FINRA study materials, preparatory courses, practice exams, online tutorials, and hands-on experience in the financial industry.
- Q13: Where can I take FINRA Certification Exams?
- A: FINRA Certification Exams can be taken at authorized testing centers nationwide, providing flexibility to fit your schedule and location.
- Q14: How do FINRA Certifications impact my career?
- A: FINRA Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in the financial services industry.
- Q15: Are there any prerequisites for FINRA Certification Exams?
- A: Some exams may have prerequisites, such as sponsorship by a FINRA member firm or prior completion of other specific exams. Check the specific requirements for each certification path on the FINRA website.
- Q16: How often do I need to recertify for FINRA Certifications?
- A: FINRA Certifications typically require continuing education and periodic renewal to ensure that certified professionals stay updated with the latest financial industry regulations and practices.