Series 24 Exam Questions

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The General Securities Principal Qualification Exam Exam (Series 24 exam), administered by the Financial Industry Regulatory Authority (FINRA), is used to assess your knowledge and abilities to perform adequately as a principal dependent on your corequisite registrations.

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Series 24 Exam Outline

The Series 24 exam contains 150 multiple-choice questions, 10 of which are unscored, and you are given a time limit of 3 hours and 15 minutes. The 10 unscored questions, which are called “pretest” questions, are used by the exam administrators to evaluate questions for future versions of the exam. The pretest questions are unmarked and mixed amongst the scored questions, so you will not know which are the pretest questions.

The exam is split into five content areas.

  1. Supervision of Registration of the Broker-Dealer and Personnel Management Activities (9 questions)
  2. Supervision of General Broker-Dealer Activities (45 questions)
  3. Supervision of Retail and Institutional Customer-Related Activities (32 questions)
  4. Supervision of Trading and Market Making Activities (32 questions)
  5. Supervision of Investment Banking and Research (32 questions)

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Series 24 Exam Registration

If you are employed or associated with a FINRA member firm, the firm can register you for the exam via a U4 form. If you are not employed or associated with a FINRA member firm, you can open an enrollment window via FINRA’s Test Enrollment Services System (TESS). The exam fee is $147 regardless of which method of registration you choose.

Once your registration request is processed, you will be notified and given a 120-day window to take the exam.

Test Day

The Series 24 exam is administered at Prometric testing centers across the country. You should arrive at the testing center about 30 minutes before the scheduled exam time. If you arrive late, you will not be able to take the exam.

Once you arrive at the testing center, you will begin the check-in process, during which you will be asked to provide a valid, government-issued photo ID. If you forget to bring your ID or if your ID is invalid, you will not be allowed to take the exam.

Before you enter the testing room, you will be asked to leave all personal items in an assigned locker. Personal items include your cell phone, keys, wallet, food, bags, and pencils. You will be asked to roll back your sleeves and pull up your pant legs.

Once you are in the testing room, you will be given a four-function calculator, a small whiteboard, dry-erase markers, and noise-canceling headphones. After the exam begins, you will be allowed to take a break. However, the timer will not be paused during your break.

How the Series 24 Exam is Scored

Your test score is placed on a scale with all other test-taker’s test scores, and adjustments are made to the score to account for variations in difficulty. You will receive a preliminary score report as soon as you finish the exam.

To pass, your final scaled score must be at least 70.

When you pass the exam, you will receive one of the following registrations (based on your corequisite qualifications):

Corequisite ExamsPrincipal Registrations
SIE + Series 7General Securities Principal (GP)
SIE + Series 57Securities Trader Principal (TP)
SIE + Series 79Investment Banking Principal (BP)
SIE + Series 82Private Securities Offerings Principal (PO)
SIE + Series 86 + Series 87Research Principal (RP)
Series 16


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How many questions are on the Series 24 exam?


There are 150 questions on the exam.


How long is the Series 24 exam?


The time limit for the exam is 3 hours and 45 minutes.


What is the passing score for the Series 24 exam?


To pass the exam, you must achieve a minimum scaled score of 70.


How much does the Series 24 exam cost?


The examination fee is $175.

By Peter Rench

Peter Rench joined Mometrix in 2009 and serves as Vice President of Product Development, responsible for overseeing all new product development and quality improvements. Mr. Rench, a National Merit Scholar, graduated magna cum laude with a Bachelor of Science in Mechanical Engineering and a minor in mathematics from Texas A&M University.


by Mometrix Test Preparation | This Page Last Updated: January 4, 2024