Series 24: Internal Inspections

Taken from our Series 24 Online Guide

Internal Inspections

An associated person must conduct an annual internal inspection at every OSJ and every branch office that supervises a non-branch office to ensure compliance with securities laws. Other branch offices must be inspected every three years. Inspections must include a review of customer account records to detect irregularities or abuses. The associated person must also test and verify the member’s policies and procedures with regard to:

• Safeguarding customer funds and securities
• Maintaining books and records
• Supervision of supervisory personnel
• Transmittal of funds or securities from customers to third-party acc

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Internal Inspections, you might also be interested in:

Series 7 - 10.2.7. Liquidity Risk

Series 50 - Duties of Non-Solicitor Municipal Advisors (Rule G-42)

Series 65 - The Current Ratio

Series 53 - 5.5.6. Callable or Redeemable Bonds

Series 53 - Investors at the Same Address

Series 24 - FINRA Trading Conduct Rules

Series 53 - Chapter 6 Practice Questions

Series 63 - Chapter 7 Answers and Explanations

Series 65 - Payout Options (Settlement Options)

Series 63 - 5.7.4. Client Confidentiality

Series 28 - Physical Delivery

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

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.

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 would just like to say that Solomon’s customer service was excellent. The material was clear and easy to understand and I feel that it prepared me extremely well for my exam. I found the study outline to be the most helpful in keeping me on track. I would definitely refer the material to anyone taking the Series 24. Thank you to the Solomon team for helping me pass my 24!

Tamaqua Roland, Philadelphia, PA

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 had tried another learning system before Solomon and walked into the Series 24 unprepared and subsequently failed. After using the Solomon system for three weeks, taking full advantage of the app on my cell phone I walked into my second attempt very prepared for the type of questions I was going to see. Not only did I pass, I did so with confidence. Thanks so much Solomon!

Steven Eisner, Penn Mutual/HTK, Hauppauge, NY

Stick to the plan and pass! 4 times in a row, 7, 63, 24 and now 79. You can't beat the Solomon materials.

Eric Altmann