Series 24: 2.7.3. Customer Protection Rule

Taken from our Series 24 Online Guide

2.7.3. Customer Protection Rule

The SEC adopted Rule 15c3-3, known as the customer protection rule, in 1972 as a reaction to several broker-dealer firms liquidating and leaving their customers high and dry. Prior to that time, broker-dealers had been in the habit of pledging customer securities as collateral for bank loans, and customer credit balances had been used to finance the broker-dealers’ business.

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 2.7.3. Customer Protection Rule, you might also be interested in:

Series 63 - Chapter 6 Answers and Explanations

Series 14 - Exercise

Series 51 - Automatic Exemptions

Series 50 - Confirmation of the Plan

Series 65 - 1.4.1.5.4. Debt to Equity

Series 79 - 6.1.1. The Pre-Filing Period

Series 24 - Long Positions in Margin Accounts

Series 6 - 2.1.1.2. Regulation Best Interest

Series 24 - 2.7.2. Six-Year Records

Series 26 - Expungement Prohibited Practices

Series 27 - Form BR

Series 65 - 2.13.2 Banker’s Acceptances

Series 3 - 5.2. Hedging with Combinations

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I was very impressed with all elements of Solomon's Series 24 offerings. Solomon provided an incredibly organized system for me to utilize, which kept me "on point" and focused. I felt good confidence going into the test because of the structured system that Solomon developed. I would certainly recommend Solomon to anyone that is taking the Series 24.

William Bundy, Bundy Group. Charlotte, NC

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 After being frustrated with confusing material, out of date information, contradicting questions/answer/study guides, I bought Solomon's practice exams...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

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

Just passed the Series 24 on my first attempt. Not an easy exam so put the time in. I used the Video Lectures and the Exam Simulator from Solomon. Great resources of information!

Shawn McClain, Natixis, Charlotte NC

I would just like to say that Solomon’s customer service was excellent. The material was clear and easy to understand and I feel that it prepared me extremely well for my exam. I found the study outline to be the most helpful in keeping me on track. I would definitely refer the material to anyone taking the Series 24. Thank you to the Solomon team for helping me pass my 24!

Tamaqua Roland, Philadelphia, PA

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