Series 24: Buying Power

Taken from our Series 24 Online Guide

Buying Power

When an SMA is created, it increases the buying power of an account. Whatever the value of an SMA, the buying power is twice this amount because the investor can purchase twice this value in securities.

Sample Question

Rodney opened a margin account last year. He bought 100 shares of XYZ at $50 per share on margin. The price of the shares increased to $60 per share and now has decreased to $55 per share. What is the current valu

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Buying Power, you might also be interested in:

Series 51 - Rule G-12—Uniform Practice Rules

Series 50 - Chapter 3 Practice Questions

Series 65 - 10.10.6.4 Backing Away

Series 79 - 1.1.1. Annual Reports: Form 10-K

Series 63 - Performing Due Diligence

Series 65 - Post-Registration Requirements

Series 24 - Additional Notes About Markups

Series 79 - Evaluating Specific Buyers

Series 53 - Suitability Information Requirements

Series 63 - Post-Registration Requirements

Series 24 - 5.8.4.10. Rights and Warrants

Series 51 - Chapter Three: General Supervision

Series 24 - 4.2.9.3. Small Issues: Regulation A

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I passed the 24 with the help of the audio, book and test questions. I previously took this test and failed walking away with the thought nothing I studied looked familiar. I also didn't really understand how certain areas functioned... but found the information provided with Solomon worked best for me. The flow charts and extra resources section were extremely helpful in breaking down sections of this "Dry" test. The audio was great to review and the book format was easy to read and concise. I felt almost every question I knew what they were asking and I was able to eliminate one or two questions. Don't waste your money with other sites. Solomon will allow you to pass on the first time. Good luck!

Matthew D., Orange County, CA

Just wanted to say thank you and give you a good review. I actually found that your test questions were harder than the actual exam and the explanations and the ability to create tests of all of my wrong answers helped me focus on my weak areas of the exam. I passed the first time and don't believe I couldn't have done it without your test bank. Thanks again.

Chris Porosky, FL

Stick to the plan and pass! 4 times in a row, 7, 63, 24 and now 79. You can't beat the Solomon materials.

Eric Altmann

I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

T. Richmond, Bethesda, MD

Excited to say I passed the Series 24 the first time I sat for the exam. The course material and exam simulator were paramount in my preparation.

Ben Young, Berthel Fisher. Cedar Rapids, IA

Studying for the 24 was not easy. I felt Solomon's course materials and online portal prepared me well for passing the exam in the first try. The study material was NOT overwhelmingly thrown together and I found the study program to be manageable and focused. Got me through the study period of about 4-5 weeks. I would recommend Solomon over the other courses.

Ajay A, CT, Series 24