Series 24: Prime Brokerage Accounts

Taken from our Series 24 Online Guide

Prime Brokerage Accounts

Because hedge funds and other institutional investors trade with a number of brokers, they sometimes open accounts with a prime broker. A prime broker does not engage in trading activity. Trading is done by the client’s array of executing brokers. The prime brokerage is the place where the client’s trades are cleared and settled.

The prime broker provides a number of o

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I took my Series 24 on July 28 and passed!! I had not passed 2 prior Series 24 exams and was down to my last attempt. A fellow principal on my team who had not passed his Series 24 his first time told me about the Solomon practice tests and how they helped him. It was such a big help for me passing exam as the questions were structured more like the real exam than any other practice tests I’ve taken. I have since gone to other employees at my firm for other tests, such as the Series 7, SIE among others and have told them about the Solomon test materials and some of them are now purchasing Solomon as well.

Thadius Beavers, Prospera Financial. Dallas, TX.

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Hope Brackin, Cambridge Investment Research, Inc., Auburn, AL

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A.T.

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