Series 24: Penalty Bid

Taken from our Series 24 - FINRA General Principal Qualification Examination

Definition of the term Penalty Bid...

a penalty imposed by the lead underwriter against a broker-dealer whose customer sells IPO shares right after buying them, put in place to keep the price of a newly issued security from declining.

+ Read More

More Series 24 Info

What are people saying?

Create an Account

We have an excellent Audiobook for the Series 24!

Since you're reading about Series 24: Penalty Bid, you might also be interested in:

Series 6 - managing underwriter

Series 24 - inside bid

Series 66 - present value

Series 63 - federal covered adviser

SIE - competitive offering

Series 51 - joint tenants in common (JTIC) account

Series 79 - niche market

Series 52 - sell limit order

Series 3 - commission broker

Series 27 - self-clearing firms

Series 82 - power of attorney

Series 7 - banker's acceptance (BA)

Series 24 - hedged tendering

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I recently passed my Series 24 using Solomon Exam Prep! It was the hardest exam I've taken to date. I found all the practice exams with specific feedback to be the most helpful, though the audiobook was very helpful as well.

Diane Pouliot, RBC, Minneapolis, MN

Stick to the plan and pass! 4 times in a row, 7, 63, 24 and now 79. You can't beat the Solomon materials.

Eric Altmann

I passed the 24 with the help of the audio, book and test questions. I previously took this test and failed walking away with the thought nothing I studied looked familiar. I also didn't really understand how certain areas functioned... but found the information provided with Solomon worked best for me. The flow charts and extra resources section were extremely helpful in breaking down sections of this "Dry" test. The audio was great to review and the book format was easy to read and concise. I felt almost every question I knew what they were asking and I was able to eliminate one or two questions. Don't waste your money with other sites. Solomon will allow you to pass on the first time. Good luck!

Matthew D., Orange County, CA

I really liked the Solomon study materials. They did a really nice job of explaining the material in plain language. I have a really long commute and the audio books came in really handy!! I would recommend the Solomon study materials!

Jessie Urban, Securities America Inc, LaVista, NE

This is my fourth time using Solomon's exam materials (Series 99, 7, 63, and now the 24)....and I PASSED once again on my first try. Thank you Solomon- your exam question simulator was extremely helpful!

Kim Schmidt, Elmcore Securities, Las Vegas

I tried studying on my own using materials from another vendor, which was super wordy and lengthy. After much frustration, I looked for new study materials and discovered Solomon. It is concise, clear and presented well. The subject area quizzes and practice exams were unlimited and very helpful. Six weeks later I passed the Series 24 with an 85! I would not hesitate to use Solomon again, should the need arise.

Yasmeen M.