SERIES 24 - CHEAT SHEET 2025 REAL EXAM
QUESTIONS |EVERY QUESTION SOLVED | EVERY
SCORE SECURED!
After notice by FINRA, how long do members have to pay fees? - Answer: 21 days
How much notice needs to be give to FINRA before a material change to a firm? -
Answer: 30 days
How long after statutory dq'ing event must you report an associated person to FINRA? -
Answer: do it promptly, no longer than 30 days
What are two ways to be DQ'd by FINRA? - Answer: convicted of money/securities
misdemeanor, or any felony within past 10 years
How often must the firm element of continuing ed be completed? - Answer: annually
When must regulatory element of continuing ed be completed? - Answer: within 120
days of second registration anniversary and every 3 years after
What can active military service do? - Answer: receive commissions on book, 2 year
expiration clock rolled, must reactivate within 90 days of return
What can active military service not do? - Answer: no form U5 necessary, cannot
perform as RR, CE requirement suspended
What is FINRA rule 3110? - Answer: how often inspections must occur
How often must OSJ and supervising branches be inspected? - Answer: annually
1
APPHIA - Crafted with Care and Precision for Academic Excellence.
, How often must non supervising branches be inspected? - Answer: every three years
What is FINRA rule 3120? - Answer: principals must submit to management annually a
report detailing system of supervisory controls
What two things does FINRA rule 3130 do? - Answer: CEO must certify annually that
firm has proper supervisory procedures in place; firm must designate chief compliance
officer
What does FINRA rule 4370 state? - Answer: business continuity plans must be
disclosed to customers on account opening; firms must designate two associated
persons as emergency contacts; changes to contact info must be updated promptly
How long do you have to amend a form U4? - Answer: 30 days
How do you amend a form U4? - Answer: with drps (new needs reps signature)
How long to file a form U5? - Answer: within 30 days of employee termination?
Who does U5 go to? - Answer: both FINRA and terminated employee
Who provides U5 copy to new firm? - Answer: employee (2 days) or FINRA
Who needs to be at each OSJ? - Answer: at least one principal
What is kept at OSJ? - Answer: customer records including complaints
How often is compliance meeting required for rrs and principals? - Answer: annually
2
APPHIA - Crafted with Care and Precision for Academic Excellence.
QUESTIONS |EVERY QUESTION SOLVED | EVERY
SCORE SECURED!
After notice by FINRA, how long do members have to pay fees? - Answer: 21 days
How much notice needs to be give to FINRA before a material change to a firm? -
Answer: 30 days
How long after statutory dq'ing event must you report an associated person to FINRA? -
Answer: do it promptly, no longer than 30 days
What are two ways to be DQ'd by FINRA? - Answer: convicted of money/securities
misdemeanor, or any felony within past 10 years
How often must the firm element of continuing ed be completed? - Answer: annually
When must regulatory element of continuing ed be completed? - Answer: within 120
days of second registration anniversary and every 3 years after
What can active military service do? - Answer: receive commissions on book, 2 year
expiration clock rolled, must reactivate within 90 days of return
What can active military service not do? - Answer: no form U5 necessary, cannot
perform as RR, CE requirement suspended
What is FINRA rule 3110? - Answer: how often inspections must occur
How often must OSJ and supervising branches be inspected? - Answer: annually
1
APPHIA - Crafted with Care and Precision for Academic Excellence.
, How often must non supervising branches be inspected? - Answer: every three years
What is FINRA rule 3120? - Answer: principals must submit to management annually a
report detailing system of supervisory controls
What two things does FINRA rule 3130 do? - Answer: CEO must certify annually that
firm has proper supervisory procedures in place; firm must designate chief compliance
officer
What does FINRA rule 4370 state? - Answer: business continuity plans must be
disclosed to customers on account opening; firms must designate two associated
persons as emergency contacts; changes to contact info must be updated promptly
How long do you have to amend a form U4? - Answer: 30 days
How do you amend a form U4? - Answer: with drps (new needs reps signature)
How long to file a form U5? - Answer: within 30 days of employee termination?
Who does U5 go to? - Answer: both FINRA and terminated employee
Who provides U5 copy to new firm? - Answer: employee (2 days) or FINRA
Who needs to be at each OSJ? - Answer: at least one principal
What is kept at OSJ? - Answer: customer records including complaints
How often is compliance meeting required for rrs and principals? - Answer: annually
2
APPHIA - Crafted with Care and Precision for Academic Excellence.
