Free FINRA Series 24 Supervision of Registration of the Broker-Dealer and Personnel Management Activities Practice Questions (2026)

Free FINRA Series 24 (General Securities Principal) Supervision of Registration of the Broker-Dealer and Personnel Management Activities Practice Questions

Registration of the broker-dealer and its personnel on the FINRA Series 24 exam (6%) covers firm and branch registration through CRD, hiring and registering associated persons, Form U4 and U5 filings, and statutory disqualification.

45 questions 18 easy 16 medium 11 hard 2026 syllabus

Sample Questions

Question 1 Easy

A principal classifying commercial offices must designate an OSJ for each function EXCEPT:

Solution

D is correct. FINRA Rule 3110(f)(1)(F) excludes an office whose sole OSJ function is final approval of research reports. That activity by itself does not require OSJ designation.

Question 2 Medium

A principal is choosing the SEC filing method for a successor. Which transaction permits an amendment to the predecessor's Form BD?

Solution

B is correct. SEC Rule 15b1-3(b) permits the amendment procedure when succession results solely from a qualifying organizational change. Converting a corporation to an LLC changes its form of organization. Unchanged ownership and continued business support use of that procedure. The principal may arrange an amendment to the predecessor's Form BD within 30 days after succession.

Question 3 Hard

A principal's search finds an omitted judgment outstanding when Form U4 was filed but satisfied yesterday. What should the principal direct?

Solution

C is correct. The judgment was outstanding on the filing date, so it was reportable. Its omission made the initial Form U4 incomplete. Verification under FINRA Rule 3110(e) identifies that discrepancy for correction. Subsequent satisfaction changes the judgment's status without eliminating the missed disclosure. The principal should direct a Form U4 amendment with a Judgment/Lien Disclosure Reporting Page showing both the judgment and its satisfaction.

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