Series 24: Withdrawal Of Equity Capital

Taken from our Series 24 Online Guide

Withdrawal of Equity Capital

Back in the 1980s, Drexel Burnham was one of the top ten investment banking firms in the nation. However, amidst insider trading scandals, racketeering charges, and convictions for a variety of SEC violations, the firm declared bankruptcy in 1990. This was not before its parent company withdrew much of the firm’s equity capital, leaving almost nothing to pay its creditors during liquidation. In response, the SEC established new rules regarding when and how much equity capital members are allowed to withdraw.

These new rules require firms to provide the SEC with notice when withdrawing certain amounts of funds. The SEC also provides limitations on how much capital may b

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Withdrawal Of Equity Capital, you might also be interested in:

Series 24 - Account Transfers

Series 66 - 5.1.2.2.3 Timing Mutual Fund Purchases

Series 27 - Exercise

Series 6 - 1.2.1.3.2. Underwriting Agreement

Series 66 - 9.3.5.2 Regulation Best Interest

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I used Solomon to study for the 26 and most recently the 24. The material is layered in way that makes it manageable to digest and the instructor response time and explanations are outstanding. I passed both on the first attempt!

Gus Velleco, Allstate, Charleston, SC

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 took my Series 24 on July 28 and passed!! I had not passed 2 prior Series 24 exams and was down to my last attempt. A fellow principal on my team who had not passed his Series 24 his first time told me about the Solomon practice tests and how they helped him. It was such a big help for me passing exam as the questions were structured more like the real exam than any other practice tests I’ve taken. I have since gone to other employees at my firm for other tests, such as the Series 7, SIE among others and have told them about the Solomon test materials and some of them are now purchasing Solomon as well.

Thadius Beavers, Prospera Financial. Dallas, TX.

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

This is my fourth time using Solomon's exam materials (Series 99, 7, 63, and now the 24)....and I PASSED once again on my first try. Thank you Solomon- your exam question simulator was extremely helpful!

Kim Schmidt, Elmcore Securities, Las Vegas

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