Series 24: Types Of Issuers

Taken from our Series 24 Online Guide

Types of Issuers

Registering securities with the SEC is always a long, laborious process. But how laborious can depend a lot on the type of issuer. Large companies that have issued securities previously will have a much easier time registering their securities than smaller companies that are registering securities for the first time. There are five different kinds of issuers that you will need to know about for the exam.

A Well-Known Seasoned Issuer (WKSI) is a very large company that has registered securities with the SEC in the past. Specifically, a WKSI is defined as a company with either of the following properties:

• Worldwide public float (not held by affiliates) of at least $700 million in common equity,

• $1 billion in non-convertible debt issued in the past three years

There are several advantages to being a WKSI. Probably the most important advantage is that WKSIs can file their registration statements on the much abbreviated Form S-3. Rather than several hundred man-hours of work going into preparing the registration statement, there may simply be a few hundred. WKSIs can also file an automatic shelf registration statement. Thi

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Types Of Issuers, you might also be interested in:

Series 26 - Availability of Written Procedures

Series 50 - Continuing Disclosure Agreement

Series 50 - Qualified Private Activity Bonds

Series 65 - Combined Positions in Margin Accounts

Series 79 - 11.2.2. Identifying Preferred Transaction Structures

Series 24 - Regulation X

Series 54 - Disclosure Requirements

Series 65 - Compensation

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I wanted to let you know I passed the exam [Series 24] this morning! The practice exams were invaluable. Thank you for your extra help and suggestions. I have recommended this to two of my co-workers who will be taking the Series 7 this year. I will say, the 24 was worded so tricky. And so much irrelevant info put into the questions. I had to write down pieces of the question to get the gist of what it was asking. Very purposfully confusing. But it's over and I'm thankful for your product. Thx again

Karmen Richards, Multi Financial Securities, Greensboro, NC

Passed the 24 today ... fun test.. You have a great product. The material was easy to follow and the practice tests were very, very helpful. Thank you.

Danny Klingler, Kestra Financial, Austin, Texas

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

Recently passed the Series 24 Exam. I owe it to the Solomon Exam Prep series. The format of study and testing preparation was easy to follow and comprehend. I had taken the exam before and used study material through a different provider. It did not give me the sense of readiness in the "connection of the dots" and time-management like the Solomon series did. Such a relief to see the word PASS.

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

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.

I originally started studying for the series 24 with Test Teachers... After being frustrated with confusing material, out of date information, contradicting questions/answer/study guides, I bought Solomon's practice exams... After one test, two things became clear: I was grossly unprepared for the exam The material, though difficult, didn't have to be taught in such a confusing manner.I passed the 24 on the fist time because of the quality of the practice exams from Solomon. Thank you! Putting it another way...If you are using anyone else to study, you owe it to yourself and your efforts to buy the practice exams from Solomon to get a true judge of your studying efforts.

Will, Bainbridge Island, WA