Series 27: Regulatory Notification

Taken from our Series 27 Online Guide

Regulatory Notification

Each carrying or clearing member must notify FINRA in writing within 24 hours if one of the following occurs:

• Its net capital falls below 150% of its minimum net capital requirement
• Its aggregate indebtedness is more than 1,000% of its net capital (more than a 10:1 ratio)
• Its deduction of capital withdrawals, which it anticipates making during the next six months, would result in either of the above conditions

Note: FINRA’s notification requirements with respect to net capital and aggregate indebtedness are more stringent than the SEC’s notification requirements, discussed in Chapter Three. Note the differences in the table that follows.

+ Read More

More Series 27 Info

What are people saying?

Create an Account

Since you're reading about Series 27: Regulatory Notification, you might also be interested in:

Series 50 - Statutory Disqualification

Series 53 - Yield to Call

Series 24 - 3.8.7. Annuities

Series 79 - 8.4.1. The Syndicate Desk

Series 24 - 4.2.10.1. Private Resales to Qualified Institutional Buyers—Rule 144A

Series 66 - Performance Guarantees

Series 82 - 3.2.5.1. Suitability

Series 66 - 1.2.2.10. Portfolio Benchmarks

Series 79 - Disclosure in Research Reports

Series 79 - Global and Foreign Indexes

Series 50 - Analyzing Revenue Bonds

Series 7 - 1.3.3.1 Value at Issuance

Series 24 - Restrictions on Research Analysts

Please Enable Javascript
to view this content!

Site Login

Forgot Password?

Create an Account

TESTIMONIALS

What are people saying?

Last August 2020 I passed the Series 28 on the first try using your materials. I just wanted to drop in and let you know I passed the Series 27 exam today!! I am so happy today as I took the test in Jan of this year and missed it by 3 points. I switched up my focus and really zoned in the most heavily weighted chapters. This is by far the hardest exam I have taken. Thank you Solomon for your excellent study materials. I'll be back when I pass the next one ;)

Nikita Brown, BMI. Atlanta, GA

I passed my 27 and I can't thank you enough for the preparation materials, most importantly the Final Exams. I studied for weeks for this test and buckled down the last two weeks of 6 hour study days. It's a great feeling and I couldn't have done it without you!!!

Amanda Whitney, Great Nation Investment Corporation, Amarillo, TX

I had previously used a competitors material while preparing for the Series 52 exam. Using that material I failed the exam twice and both times I felt unprepared even after studying a ton. I switched to Solomon after reading reviews that seemed to be similar to my scenario. I finally passed!! Solomon's material did a great job of simplifying really complex material. The practice exams were very similar to the real exam. While taking the exam for the third time after studying with Solomon I felt confident the entire exam because I knew the information and had seen questions formatted similar while taking practice exams. Thanks Solomon!!!

Sara Brady McGinn FIRM: Raymond James Memphis, TN

I took the Series 82 just four weeks after passing the SIE. I followed the study plan, took tons of the great practice tests, got great advice from Karen, and everything worked out well. It was literally the perfect test prep experience. The materials themselves were not overly long as with other groups, it was the exactly right amount, and the Exam Simulator is just awesome, best one of its kind I've ever used. 100% rating. Thank you, Solomon!

Jonathan Roth, DAK Capital/DAK Group, Rochelle Park, NJ

Completing the SIE was a requirement for my current position. I looked around at different materials and started with Kaplan. The material was dry and seemed to have many errors in it. I decided to scrap that and move on to Solomon Exam Prep which I learned about from Reddit. The reviews were outstanding so I decided to give it a try. After going through the material once I felt beyond confident to take the exam. The study guide, audio book, exam simulator, and videos were extremely well done. After two weeks of reviewing and acing practice tests, I took my actual SIE exams and flew through it with about 1/3 of the time remaining when I finished. The preparation from Solomon Exam Prep helped me gain the confidence and understanding I needed to pass the exam on the first try!

Jared M. Albany, New York

Passed the 65 with an 80% and the 6 with an 87%. Passed both of them on the first try. I give the credit to Solomon. I've had a lot of my friends try other vendors but they were glad to take my advice and switch to Solomon. This course helps you understand the concepts so you can think out the uniquely crafted questions the actual tests ask. Thanks so much.

Gerald Barnes, Client One, Peoria, AZ

Net Capital Notification Requirements
Type of Firm	Agency to notify	Exceeds Criteria	Timetable
Firm that has been in business less than one year	FINRA	8:1 aggregate indebtedness	Within 24 hours of discovery; in writing
Established firm	FINRA	Below 150% of net capital	Within 24 hours of discovery; in writing
Established firm	FINRA	10:1 aggregate indebtedness	Within 24 hours of discovery; in writing
Established firm	SEC	Below 120% of net capital

Solomon Exam Prep has moved to Pass Perfect! Contact support to move your account →

Series 27: Regulatory Notification

Taken from our Series 27 Online Guide

Regulatory Notification

Since you're reading about Series 27: Regulatory Notification, you might also be interested in:

Ask the Professor

Thanks for being part of the Solomon community!

All securities exam prep and IAR CE courses must now be purchased
at Pass Perfect. Go now →