Series 24: Board Of Directors

Taken from our Series 24 Online Guide

Board of Directors

Regarding the board of directors, at least one class of directors must come up for reelection each year. For funds that charge 12b-1 fees, a majority of the directors must be unaffiliated with the fund. For funds that do not charge 12b-1 fees, 40% must be non-affiliated.

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I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

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