Series 24: Restrictions Against Borrowing And Lending With Customers

Taken from our Series 24 Online Guide

Restrictions Against Borrowing and Lending with Customers

Associated persons are prohibited from borrowing money from customers or lending money to customers, unless (1) the member firm has written procedures that specifically allow it or (2) any of these other conditions apply:

• Customer is an immediate family member of the associated person—firm’s procedures may indicate prior approval is not necessary
• Customer is a person or institution that lends money in its regular course of business and is acting in that capacity—firm’s procedures may indicate prior approval is not necessary
• Customer is also an ass

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Restrictions Against Borrowing And Lending With Customers, you might also be interested in:

Series 7 - 3.2.3.1.5 Moral Obligation Bonds

Series 63 - Exercise

Series 26 - Supplemental Sales Literature

Series 7 - 5.2.1 Chicago Board Options Exchange and Options Clearing Corporation

Series 24 - Locking and Crossing Quotations

Series 3 - 2.1. Bonds and the Bond Market

Series 52 - 4.1.4.1. Market Making

Series 65 - Registration of Investment Adviser Representatives

Series 14 - 1.4. Investment Advisers Act of 1940

Series 65 - Debt to Equity

Series 65 - 5.2.1. Financial Goals and Strategies

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I stuck to the outline day by day and it really helped me with sticking to a routine and curriculum. I passed the Series 24 on my 1st try! Would definitely recommend this to anyone in the Securities Industry.

Rima Mehta, PNC Investments, Charlotte, NC

Studying for the 24 was not easy. I felt Solomon's course materials and online portal prepared me well for passing the exam in the first try. The study material was NOT overwhelmingly thrown together and I found the study program to be manageable and focused. Got me through the study period of about 4-5 weeks. I would recommend Solomon over the other courses.

Ajay A, CT, Series 24

Excited to say I passed the Series 24 the first time I sat for the exam. The course material and exam simulator were paramount in my preparation.

Ben Young, Berthel Fisher. Cedar Rapids, IA

I studied for the Series 24 for two and a half months. I thank God for his grace passed on the first attempt. The exam simulator is superb, it's projection of readiness to sit for an exam is spot on. All the feedback I received on how difficult the test was proved to be very helpful. As a result I over studied and followed the recommended study plan step by step which was key. Thanks again Jeremy and team, Solomon exam prep is the best ;)

Nikita Brown, BMI. Atlanta, GA

I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

T. Richmond, Bethesda, MD

Finally! Having used the study material provided by my firm, I couldn't get over the passing level. Came out of pocket for Solomon, and passed [the Series 24] on the first effort - Thank you!

Scott Krogmann, Regions Bank, Knoxville, TN