Series 24 Exam Guide: Format, Passing Score, Cost & Content
The Series 24 is FINRA's general securities principal exam, taken by people who supervise a broker-dealer's activities. Here is the format, the corequisites, and what it tests.
The FINRA Series 24 exam has 150 multiple-choice questions, a 3 hour 45 minute time limit, and a passing score of 70. The fee is $235. Candidates must be sponsored by a FINRA member firm and pass the SIE plus a qualifying representative-level exam such as the Series 7.
Series 24 exam facts at a glance
| Questions | 150 — multiple choice |
|---|---|
| Time limit | 225 min — 3 hours 45 minutes |
| Passing score | 70 — on FINRA's scale |
| Exam fee | $235 — per FINRA; can change |
| Sponsorship | Required — a FINRA member firm must sponsor you |
| Corequisites | SIE + 1 — plus S7, S57, S79, S82, S86/87, or S16 |
What is on the Series 24: the five job functions
| Content area | Weight | Scored questions |
|---|---|---|
| Function 1: Supervision of Registration of Broker-Dealer and Personnel Management Activities | 6% | 9 |
| Function 2: Supervision of General Broker-Dealer Activities | 30% | 45 |
| Function 3: Supervision of Retail and Institutional Customer-related Activities | 21% | 32 |
| Function 4: Supervision of Trading and Market Making Activities | 21% | 32 |
| Function 5: Supervision of Investment Banking and Research | 21% | 32 |
Series 24 passing score and pass rate
The Series 24 passing score is 70. OpenExamHub does not publish an official Series 24 pass rate, and third-party figures vary by source and year.
If you do not pass, FINRA's waiting period is 30 days after the first and second failed attempts and 180 days after the third (and after each later attempt).
How much does the Series 24 cost?
FINRA lists the Series 24 fee at $235. The sponsoring firm typically enrolls the candidate; confirm who pays with your firm. Fees can change.
How to approach the Series 24
The Series 24 tests supervision, so questions ask what a principal must review, approve, or document rather than how a product works. Candidates usually arrive with Series 7 knowledge and add the supervisory rules of FINRA, the SEC, and the MSRB.
Use FINRA's published content outline as your authoritative checklist, and work scenario questions that ask who is responsible and by when.
Series 24 exam FAQ
How many questions are on the Series 24?
FINRA lists 150 multiple-choice items and a time limit of 3 hours and 45 minutes.
What is the Series 24 passing score?
The passing score is 70.
How much does the Series 24 cost?
FINRA lists the Series 24 fee at $235. FINRA sets the fee and can change it.
What do I need to pass before the Series 24?
FINRA lists the SIE together with one of the Series 7, 57, 79, 82, 86/87, or 16 as corequisites. A FINRA member firm must also sponsor you.
How long do I wait if I fail the Series 24?
FINRA applies the same waiting periods across its exams: 30 days after the first and second failed attempts and 180 days after the third.
Start preparing for the Series 24
Key terms for this exam
What is FINRA? · SRO meaning · Regulation Best Interest · Full glossary
OpenExamHub is not affiliated with FINRA. Exam formats, fees, and passing scores are set by FINRA and can change; confirm them on FINRA's current candidate materials before you register.