Series 24: 2.8.11. SIPA And SIPC

Taken from our Series 24 Online Guide

2.8.11. SIPA and SIPC

In the late 1960s, a crisis in the securities industry led to a frightening succession of brokerage failures. The customers they served lost their investments or became mired in bankruptcy proceedings. To restore public confidence in the industry, Congress responded with the Securities Investor Protection Act of 1970 (SIPA). SIPA created the Securities Investor Protection Corporation (SIPC) in an attempt to protect investors by providing insurance for the assets contained in their securities accounts.

The Securities Investor Protection Corporation is not a government agency but a member-owned, nonprofit corporation whose membership consists of v

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 2.8.11. SIPA And SIPC, you might also be interested in:

Series 24 - Use of Manipulative, Deceptive, or Other Fraudulent Devices

Series 53 - Prepaid Tuition Plans

Series 53 - Office of Municipal Supervisory Jurisdiction (OMSJ)

Series 66 - 3.6.4.8 Taxation of Annuities

Series 7 - 2.12 U.S. Treasury Securities

Series 24 - 5.5.2.3.1. Floor Brokers

Series 24 - 5.8.3.11. Closing Out a Position: Buy-Ins and Sellouts

Series 24 - Approval and Recordkeeping

Series 53 - Disclosure Requirements for Control Relationships

Series 28 - Listed Options Accounts

Series 3 - 5.1.4.1. Conversions and Limit Moves

Series 63 - 3.1.7. Termination of a Securities Registration

Series 27 - Net Capital

Series 82 - 1.1.1.1. Types of Public Securities Offerings

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Recently passed the Series 24 Exam. I owe it to the Solomon Exam Prep series. The format of study and testing preparation was easy to follow and comprehend. I had taken the exam before and used study material through a different provider. It did not give me the sense of readiness in the "connection of the dots" and time-management like the Solomon series did. Such a relief to see the word PASS.

Hope Brackin, Cambridge Investment Research, Inc., Auburn, AL

I just took the Series 24 and passed with an 80%. I couldn't have done it without the Solomon test simulator.

Joseph Shapiro, Edward Jones Investments, St. Louis, MO

Passed the 24 today ... fun test.. You have a great product. The material was easy to follow and the practice tests were very, very helpful. Thank you.

Danny Klingler, Kestra Financial, Austin, Texas

I originally started studying for the series 24 with Test Teachers... After being frustrated with confusing material, out of date information, contradicting questions/answer/study guides, I bought Solomon's practice exams... After one test, two things became clear: I was grossly unprepared for the exam The material, though difficult, didn't have to be taught in such a confusing manner.I passed the 24 on the fist time because of the quality of the practice exams from Solomon. Thank you! Putting it another way...If you are using anyone else to study, you owe it to yourself and your efforts to buy the practice exams from Solomon to get a true judge of your studying efforts.

Will, Bainbridge Island, WA

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 watched the videos twice, took notes from them, and took hundreds of practice problems. The test simulator was the best part of the program. I found it helpful that you could go back and look at the questions you missed and use them to help refine what to study. I definitely would recommend the program. Get 85%+ on the practice and you should pass the 24.

Kris Nyden, Seattle, WA