Free Series 24 Practice Test

Heads up: these are full-difficulty, exam-level questions — harder than most free Series 24 questions online, on purpose. A low score before studying is normal. Answer all 8 to see your score and a full explanation for each.

Question 1 of 8 · Supervision & WSPs

A firm's written supervisory procedures name a supervisor for each area but never say how often reviews occur or how they are evidenced. The principal deficiency is:

Question 2 of 8 · Communications

A registered representative wants to post a firm-branded message to a public social media page describing the firm's services. Before it goes out, the message must:

Question 3 of 8 · Research Supervision

A firm's investment banking department asks to review a draft research report on a client company before publication. The supervising principal should:

Question 4 of 8 · New Issue Allocations

A firm proposes to allocate shares of a hot IPO to an executive of a company whose investment banking business the firm is currently courting. This is best characterised as:

Question 5 of 8 · Trading Supervision

Surveillance flags a trader entering and cancelling large orders repeatedly without intending execution, moving the displayed price. The principal's correct reading is:

Question 6 of 8 · Registration & Qualification

A principal discovers that an associated person has been performing a function requiring a registration they do not hold. The correct first step is:

Question 7 of 8 · Customer Complaints

A customer emails a branch manager alleging a representative made unsuitable recommendations. Under a firm's complaint obligations, this email:

Question 8 of 8 · Outside Activities

A representative asks to take a paid role at an unaffiliated company. The supervising principal's obligation is to: