A Series 24 Exam Question!

Here is a great series 24 exam question from the Supervision of Brokerage Office Operations section of the series 24 exam:

When a customer enters a sell order and the customer is in possession of the certificates, a broker dealer must determine all of the following except:


A) Whether the securities are in deliverable form

B) The location of the securities

C) Whether the client can make delivery promptly

D) Whether the transfer agent has accepted the securities

ANSWER:

D) A firm must make an affirmative determination and be reasonably sure the client can make prompt delivery. Approval of the transfer agent is not a factor when accepting a sell order.

Take some free series 24 exam questions on our site at:

http://www.securitiesce.com/web/pages/series24/index.php

Series 24 Exam Question!

Here is a great series 24 exam question from the Supervision of Brokerage Office Operations section of the series 24 exam:

When a customer enters a sell order and the customer is in possession of the certificates, a broker dealer must determine all of the following except:


A) Whether the securities are in deliverable form

B) The location of the securities

C) Whether the client can make delivery promptly

D) Whether the transfer agent has accepted the securities

ANSWER:

D) A firm must make an affirmative determination and be reasonably sure the client can make prompt delivery. Approval of the transfer agent is not a factor when accepting a sell order.

Take some free series 24 exam questions on our site at:

http://www.securitiesce.com/web/pages/series24/index.php

series 24 Exam

Here is some great information for the series 24 exam relating to net transactions with customers:


Net Transactions With Customers:




A broker dealer when acting as principal may execute a transaction for a customer as a “net transaction”. In a net transaction the broker dealer will purchase the security in the market place at one price and sell it to the customer at a higher price for a profit instead of charging the customer a markup. The profit received by the broker dealer is not reported on the customer’s confirmation, which only shows the net price. Because the trades take place at two different prices both trades must reported to the tape though the NASDAQ TRF. Individual customers must give the broker dealer written permission for each trade to be executed on a net basis. Institutional customers may approve net transactions orally, in writing or may give blanket consent by not replying to a negative consent letter which would allow the institution to opt out of net transactions by replying to the letter.

take some free series 24 exam questions on our site at:
 
http://www.securitiesce.com/web/pages/series24/index.php

Free Series 24 Audio Book – Free Series 24 Exam Prep

The Securities Institute of America is extremely pleased to introduce a new world class solution for securities industry professionals who need to complete the series 24 exam. Our new Series 24 Audio Books are truly an amazing leaning tool. Students listen to studio quality audio books from any Ipod or computer with Itunes. And best of all it is Free with our complete self study solutions. To learn more visit our website at:

http://www.securitiesce.com/web/pages/series24/index.php

How Hard is The Series 24 Exam?

We get asked questions about the pass rates for the series 24 exam all of the time. The series 24 exam is among the most challenging for students for several reasons.

1) Most students have not sat on trading desks or made markets in securties

and

2) Most have students have not been part of a syndicate that have structured corporate or municipal securities offerings.

These are the areas that tend to give students the most difficulty. We recommend that students spend a lot of time reviewing this sections to ensure that they are well prepared for the series 24 exam.

Take some free series 24 sample questions on our site at:

http://www.securitiesce.com/web/pages/series24/index.php


Good Luck on your series 24 exam!