Learn the broker-dealer registration, branch classification, individual-registration, disclosure, CE, and personnel-supervision rules that open Series 24.
The first Series 24 chapter covers who may act for the firm, what registrations are required, how branches and offices are classified, and how the principal supervises associated persons from hiring through ongoing registration maintenance. The exam opens here because a principal cannot supervise the business correctly if the firm has the wrong people, the wrong approvals, or the wrong office structure in place.
Read this chapter as the firm’s licensing and staffing control layer. Start with the broker-dealer and branch framework, then move into individual registrations, Form U4 and U5 events, outside activities, continuing obligations, and personnel-management controls.
| Skill | Exam use |
|---|---|
| Classify firm and office status | Recognize registration, branch, office, and supervisory-location facts. |
| Supervise associated-person status | Decide when U4, U5, CE, qualification, OBA, PST, or disclosure updates matter. |
| Apply principal-level personnel controls | Choose heightened supervision, restriction, documentation, or escalation when personnel risk appears. |