Series 24: Eastern Account

Taken from our Series 24 - FINRA General Principal Qualification Examination

Definition of the term Eastern Account...

also called an undivided account. An underwriting arrangement in which all syndicate members share financial responsibility for any unsold securities on a pro rata basis, regardless of which syndicate member the shares were allotted to.

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Studying for the 24 was not easy. I felt Solomon's course materials and online portal prepared me well for passing the exam in the first try. The study material was NOT overwhelmingly thrown together and I found the study program to be manageable and focused. Got me through the study period of about 4-5 weeks. I would recommend Solomon over the other courses.

Ajay A, CT, Series 24

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Rima Mehta, PNC Investments, Charlotte, NC