Series 24: Physical Possession Or Control

Taken from our Series 24 Online Guide

Physical Possession or Control

Rule 15c3-3 requires broker-dealers to determine daily the number of fully paid and excess margin customer securities in their possession or control, and the number not in their possession or control. Should a broker-dealer find itself in a deficit position, it must initiate action to eliminate that deficit. Possession means that the securities are physically located a

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Physical Possession Or Control, you might also be interested in:

Series 7 - 5.3.1. Straddles

Series 82 - Code of Arbitration

Series 66 - 7.3. Trust Indenture Act of 1939

Series 24 - 3.4.2.1. Nontransferable Assets

Series 53 - Activities of Principals

Series 14 - 5.1.5.3. Review of Transactions and Correspondence

Series 50 - Fund Statements

Series 66 - 4.3.2.4. Behavioral Finance

Series 66 - 2.4.7. Bond Points and Basis Points

Series 3 - 3.3.2. Basis Risk

Series 52 - Exercise

Series 99 - 1.2.5.4.4 Transferring Physical Certificates Electronically

Series 50 - Bank Loans, Placement Agents, and Financial Advisors

Series 51 - Rule G-48—Transactions with Sophisticated Municipal Market Professionals

Series 79 - 3.5.7. Beta

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

T. Richmond, Bethesda, MD

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 really liked the Solomon study materials. They did a really nice job of explaining the material in plain language. I have a really long commute and the audio books came in really handy!! I would recommend the Solomon study materials!

Jessie Urban, Securities America Inc, LaVista, NE

I just passed the series 24! It is, by far, the hardest test that I have ever taken. I had failed it 4 times using other study materials. I have never felt more defeated! Solomon Exam Prep is the best! I took over 154 practice tests...without seeing the same question twice. I was able to finally grasp the material and passed! My only regret is that I did not use the Solomon Exam Prep on my first attempt!

Bill Harpe, Capital Choice. Greensboro, GA

I would like to say that Solomon test prep had the most varied and comprehensive test bank I have seen. The questions ranged in difficulty and the answer feedback was so detailed, that I felt that I was mastering concepts rather than trying to pin down certain facts in a question just to get the 'one,' answer. I saw many iterations of the sample examinations, and with the courage to keep clicking next and learning, I passed with a score I'm more than happy to claim. Also, the staff are very responsive. I'll be coming back.

Neil, San Diego, CA