Series 24: Physical Possession Or Control

Taken from our Series 24 Online Guide

Physical Possession or Control

Rule 15c3-3 requires broker-dealers to determine daily the number of fully paid and excess margin customer securities in their possession or control and the number not in their possession or control. Should the broker-dealer find itself in a deficit position, it must initiate action to eliminate that deficit. Possession means that the securities are physically located at the broker-d

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Scott Krogmann, Regions Bank, Knoxville, TN

I passed my Series 24 today with an 80% thanks to Solomon Test Prep! I found the most benefit from using the practice exams as a learning tool, reading each answer explanation as I went along, regardless of a(n) correct/incorrect response. I found that for this exam, understanding the concepts is equally as important as memorization! Good luck!

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Ben Young, Berthel Fisher. Cedar Rapids, IA

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Series 24: Physical Possession Or Control

Taken from our Series 24 Online Guide

Physical Possession or Control

Since you're reading about Series 24: Physical Possession Or Control, you might also be interested in:

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