Series 24 - Cheat Sheet 2025 REAL EXAM QUESTIONS
|MOST TESTED QUESTIONS AND CORRECT ANSWERS
|100% ACCURATE|GET IT RIGHT!!
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
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
|MOST TESTED QUESTIONS AND CORRECT ANSWERS
|100% ACCURATE|GET IT RIGHT!!
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
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
