Series 24: Audit Trail System For FINRA

Taken from our Series 24 Online Guide

Audit Trail System for FINRA

The Order Audit Trail System (OATS) was established by FINRA to create a time-sensitive audit trail for order, quote, and trade information. OATS provides a timed record of the sequence of events involved. Specifically, OATS records the time an order is entered, the time it is executed, and the time it is modified or cancelled. Broker-dealers must record these events as they occur throughout the day (within one second of when they actually occur).

In addition, broker-dealers must submit daily reports to OATS for all open or executed trades. Information to be reported includes the source of each order and the time of receipt; the amount, price, and order type; where the order was routed; and the specifics of its

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Audit Trail System For FINRA, you might also be interested in:

Series 66 - 2.4.8. Bond Notation

Series 7 - Exercise

Series 6 - 4.3.10.1. Premium Bonds

Series 65 - 8.10.4.1.1 Agents Representing Broker-Dealers

Series 65 - Exercise

SIE - General vs. Separate Accounts

Series 66 - 9.2.6. Compensation Disclosures

SIE - Hedging Strategies

Series 65 - Special Subscription Form

Series 24 - 5.6.2.1. Market Maker Registration

Series 63 - 5.3.5.1 Blanket Recommendations

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

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 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

3rd time is a charm and it took Solomon to do it. None of the other materials in my first two attempts were strong enough to enable me to reason my way to the correct answers. Solomon's angle on this material was closest to the actual test and was the reason I got there.

As an aside, the ongoing personal help was very surprising and commendable. Thank you, Solomon!

Jason Bowen, Southington, CT

I just passed the series 24! It is, by far, the hardest test that I have ever taken. I had failed it 4 times using other study materials. I have never felt more defeated! Solomon Exam Prep is the best! I took over 154 practice tests...without seeing the same question twice. I was able to finally grasp the material and passed! My only regret is that I did not use the Solomon Exam Prep on my first attempt!

Bill Harpe, Capital Choice. Greensboro, GA

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

I passed the 24 the first time with the help of the Solomon materials. The online course and the exams really helped focus in and clarify what was important. I've recommended them to all of my colleagues!

Corrinne Kaucher