Series 24 - Quick Sheet
15 days - correct answer ✔Membership revoked or suspended if fees are not
paid within ___ days of notice
30 days - correct answer ✔Written notice ____ days in advance of any
material change to the firm
10 business days - correct answer ✔Must report registered representative
(RR) violations and suspensions within ___ business days
10 years - correct answer ✔SD if convicted of money/securities
misdemeanor or any felony within past ___ years
Annually - correct answer ✔Firm element of Continuing Education (CE) must
be completed
120 days of 2nd registration - correct answer ✔Regulatory Element must be
completed
Military Service - correct answer ✔Re-registration within 90 days of return
NASD RULE 3010 - correct answer ✔OSJ and Supervising branches
inspected annually, non supervising branches at least once every 3 years
NASD RULE 3012 - correct answer ✔Persons inspecting branch must be
independent from branch activities
, Heightened supervision - correct answer ✔producing manager accounts for
20% or more of revenue being reviewed
NASD RULE 3013 - correct answer ✔CEO must certify annually that the firm
has proper supervisory procedures in place and designate CCO
FINRA RULE 4370 - correct answer ✔Business continuity plans must be
disclosed to customers on account opening
Price/Time - correct answer ✔Assumed priority in NASDAQ Book
Non-directed orders - correct answer ✔Must be a market or marketable limit
order
Non-Attributable Orders - correct answer ✔MPID NSDQ
Attributable Orders - correct answer ✔Show firm that entered order
NASDAQ BOOK - correct answer ✔Trading platform for Nasdaq securities
Locking/Crossing orders - correct answer ✔Not displayed; routed for
execution
5 best price levels - correct answer ✔NASDAQ book system shows
Exemptions for firms (Penny Stock rule) - correct answer ✔Revenue is 5% or
less of firm's total revenue
15 days - correct answer ✔Membership revoked or suspended if fees are not
paid within ___ days of notice
30 days - correct answer ✔Written notice ____ days in advance of any
material change to the firm
10 business days - correct answer ✔Must report registered representative
(RR) violations and suspensions within ___ business days
10 years - correct answer ✔SD if convicted of money/securities
misdemeanor or any felony within past ___ years
Annually - correct answer ✔Firm element of Continuing Education (CE) must
be completed
120 days of 2nd registration - correct answer ✔Regulatory Element must be
completed
Military Service - correct answer ✔Re-registration within 90 days of return
NASD RULE 3010 - correct answer ✔OSJ and Supervising branches
inspected annually, non supervising branches at least once every 3 years
NASD RULE 3012 - correct answer ✔Persons inspecting branch must be
independent from branch activities
, Heightened supervision - correct answer ✔producing manager accounts for
20% or more of revenue being reviewed
NASD RULE 3013 - correct answer ✔CEO must certify annually that the firm
has proper supervisory procedures in place and designate CCO
FINRA RULE 4370 - correct answer ✔Business continuity plans must be
disclosed to customers on account opening
Price/Time - correct answer ✔Assumed priority in NASDAQ Book
Non-directed orders - correct answer ✔Must be a market or marketable limit
order
Non-Attributable Orders - correct answer ✔MPID NSDQ
Attributable Orders - correct answer ✔Show firm that entered order
NASDAQ BOOK - correct answer ✔Trading platform for Nasdaq securities
Locking/Crossing orders - correct answer ✔Not displayed; routed for
execution
5 best price levels - correct answer ✔NASDAQ book system shows
Exemptions for firms (Penny Stock rule) - correct answer ✔Revenue is 5% or
less of firm's total revenue
