On July 29, 2014, FINRA filed a proposed revision to the content and structure of the Series 24 General Securities Principal exam. This will update the Series 24 to include new rules and laws, including the adoption of rules from the consolidated FINRA rulebook. The new Series 24 exam outline will be categorized by function, rather than by the current sections. In addition, in the new Series 24 each function will include specific tasks describing activities associated with performing that function, similar to the revised Series 7 and Series 6 exam outlines.
The question distribution will change as well. However, the total number of questions (150), amount of time available to complete the exam (3 hours 45 minutes), and passing score (70%) will remain the same. Also, the Series 24 will continue to include 10 additional, unidentified and unscored “pre-test questions” which means the Series 24 will continue to consist of 160 questions, 150 of which will be scored. The 10 unscored pre-test questions will continue to be randomly distributed throughout the examination.
Unless the SEC objects, FINRA’s proposed revision to its Series 24 exam will be implemented on October 13, 2014.
Source: Proposed Rule Change to Revise the Series 24 Examination Program
This alert applies to the Series 24.
How will this affect individuals that have the Solomon Series 24 study materials from 6 months ago but have not yet taken the exam?
Referring to those individuals that may take the exam after the October 13th effective change date. Thank you.