The Series 24 exam — the General Securities Principal Qualification Exam (GP) — assesses the competency of an entry-level principal to perform their job as a principal dependent on their corequisite registrations.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a principal, including the rules and statutory provisions applicable to the supervisory management of a general securities broker-dealer.
Content Outline
The Series 24 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline comprises the five major job functions of a general securities principal. The table below lists the allocation of exam items for each major job function.
| Major Job Functions | Number of Exam Items |
|---|---|
| (F1) Supervision of Registration of Broker-Dealer and Personnel Management Activities | 9 |
| (F2) Supervision of General Broker-Dealer Activities | 45 |
| (F3) Supervision of Retail and Institutional Customer-related Activities | 32 |
| (F4) Supervision of Trading and Market Making Activities | 32 |
| (F5) Supervision of Investment Banking and Research | 32 |
| TOTAL | 150 |
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