Series 24: Net Capital Requirements For Different Types Of Firms

Taken from our Series 24 Online Guide

Net Capital Requirements for Different Types of Firms

Member firms must maintain certain net capital requirements.

If a firm discovers that its net capital is less than 120% of its required minimum, it must notify FINRA and the principal and regional offices of the SEC within 24 hours of the discovery. This notifies the regulatory authority that the firm is getting close to hitting its minimum requirement so that they keep an eye on that firm.

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Net Capital Requirements For Different Types Of Firms, you might also be interested in:

Series 6 - 6.2.1. General vs. Separate Accounts

Series 3 - 7.5.2.2. Risk Disclosure Statement

Series 52 - Chapter 3 Practice Question Answers

Series 24 - Chapter Three

Series 66 - 5.1.2.2.3. Timing Mutual Fund Purchases

SIE - 5.3.8.4. Reinvested Shares

Series 53 - New Issue Data Submissions (MSRB Rules G-34 and G-32)

Series 63 - Chapter One

Series 28 - Anti-Dilution Provisions

Series 79 - Evaluating Credit Implications

Series 24 - Market Makers

Series 66 - 8.1.7.1 Section 402(a) Exemptions

Series 53 - Exercise

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I wanted to let you know I passed the exam [Series 24] this morning! The practice exams were invaluable. Thank you for your extra help and suggestions. I have recommended this to two of my co-workers who will be taking the Series 7 this year. I will say, the 24 was worded so tricky. And so much irrelevant info put into the questions. I had to write down pieces of the question to get the gist of what it was asking. Very purposfully confusing. But it's over and I'm thankful for your product. Thx again

Karmen Richards, Multi Financial Securities, Greensboro, NC

I took another vendors 24 course but it did not compare to how Solomon Exam Prep for Series 24 prepared me. The material and practice exams, especially the timed exams, were broken up by sections, similar to the FINRA Exam. This really helped in allowing me to understand which section(s) I needed to spend more time on/hit harder. Thank you Solomon!!!

Jim Ruckman, Mass Mutual

I passed my Series 24 today with an 80% thanks to Solomon Test Prep! I found the most benefit from using the practice exams as a learning tool, reading each answer explanation as I went along, regardless of a(n) correct/incorrect response. I found that for this exam, understanding the concepts is equally as important as memorization! Good luck!

Audrey M., Austin, TX

I passed the S24 today with a score of 80. Your study guide is great!!!

A.T.

I took my Series 24 on July 28 and passed!! I had not passed 2 prior Series 24 exams and was down to my last attempt. A fellow principal on my team who had not passed his Series 24 his first time told me about the Solomon practice tests and how they helped him. It was such a big help for me passing exam as the questions were structured more like the real exam than any other practice tests I’ve taken. I have since gone to other employees at my firm for other tests, such as the Series 7, SIE among others and have told them about the Solomon test materials and some of them are now purchasing Solomon as well.

Thadius Beavers, Prospera Financial. Dallas, TX.

I recently passed my Series 24 using Solomon Exam Prep! It was the hardest exam I've taken to date. I found all the practice exams with specific feedback to be the most helpful, though the audiobook was very helpful as well.

Diane Pouliot, RBC, Minneapolis, MN