Series 24: Missing, Lost, Fake Or Counterfeit Securities

Taken from our Series 24 Online Guide

Missing, Lost, Fake or Counterfeit Securities

The Securities Information Center (SIC), an arm of the SEC, handles the reporting of stolen, missing, lost, or counterfeit securities. Each member firm must file a notification with the SIC if it discovers the following:

• Stolen securities: The firm must report stolen securities to the SIC within one business day of the discovery and must also promptly report it to the FBI.
• Missing or lost securities: When securities have been missing or lost for two business days, the firm must report the missing/lost securities within one business day following the end of that two-day period.
• Counterfeit securities: The firm must report to the SIC and the FBI within one day of

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I just passed the series 24! It is, by far, the hardest test that I have ever taken. I had failed it 4 times using other study materials. I have never felt more defeated! Solomon Exam Prep is the best! I took over 154 practice tests...without seeing the same question twice. I was able to finally grasp the material and passed! My only regret is that I did not use the Solomon Exam Prep on my first attempt!

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