Series 24: Customer Accounts

Taken from our Series 24 Online Guide

Customer Accounts

When a brokerage firm is a member of SIPC, it means that the firm’s customers’ assets are protected against firm bankruptcy. If the firm fails, the customers get back all securities that are registered in their name and those securities that are in the process of being registered. The firm’s customer assets are then divided among customers in proportion to the size of their remaining claims.

If these funds are not sufficient to satisfy the claims, SIPC will supplement up to $50

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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

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Shawn McClain, Natixis, Charlotte NC

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Karen H, Dalkeith Group, High Falls, NY

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!

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Neil, San Diego, CA