Series 24: Principal Vs. Agency Transactions

Taken from our Series 24 Online Guide

Principal vs. Agency Transactions

Secondary market transactions are conducted by brokers and dealers. A firm may act as one or the other on any particular transaction, but not both.

When a firm acts as a broker, the firm serves as an agent or go-between for the buyer and the seller. The broker gets paid for the service by charging a commission. Transactions where a firm is acting as a broker are called agency transactions, since the firm is acting as an agent for the buyer and seller.

In the OTC market, a firm that helps a client execute a trade, but is not itself a market maker in the stock, would be performing in an agency

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Principal Vs. Agency Transactions, you might also be interested in:

Series 50 - Advantages of the BABs Program

Series 26 - Investment Company Tombstone Ads

Series 65 - Exercise

Series 24 - 3.8.1.6. Prohibited Mutual Fund Practices

Series 7 - 3.6.34. Rule G-35—FINRA Arbitration Procedures for Bank Dealers

Series 24 - Registration Requirements

Series 24 - State Registration

Series 63 - Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs)

Series 28 - 18-Month Minimum

Series 66 - 4.2.2. Planning for a Specific Event

Series 24 - 2.6.6. Preservation of Other Records

Series 79 - Electronic Storage of Records

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I tried studying on my own using materials from another vendor, which was super wordy and lengthy. After much frustration, I looked for new study materials and discovered Solomon. It is concise, clear and presented well. The subject area quizzes and practice exams were unlimited and very helpful. Six weeks later I passed the Series 24 with an 85! I would not hesitate to use Solomon again, should the need arise.

Yasmeen M.

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 studied for the Series 24 for two and a half months. I thank God for his grace passed on the first attempt. The exam simulator is superb, it's projection of readiness to sit for an exam is spot on. All the feedback I received on how difficult the test was proved to be very helpful. As a result I over studied and followed the recommended study plan step by step which was key. Thanks again Jeremy and team, Solomon exam prep is the best ;)

Nikita Brown, BMI. Atlanta, GA

I just took the Series 24 and passed with an 80%. I couldn't have done it without the Solomon test simulator.

Joseph Shapiro, Edward Jones Investments, St. Louis, MO

Between September 18 and December 3, I took exams for the Series 62, 63, 6 and 24. I studied for everything with Solomon, and passed them all on the first try. Solomon’s interactive/Ask the Professor teaching method was extremely helpful in grasping the necessary concepts. What a relief to be done. Thanks, Karen!

Karen H, Dalkeith Group, High Falls, NY

I had tried another learning system before Solomon and walked into the Series 24 unprepared and subsequently failed. After using the Solomon system for three weeks, taking full advantage of the app on my cell phone I walked into my second attempt very prepared for the type of questions I was going to see. Not only did I pass, I did so with confidence. Thanks so much Solomon!

Steven Eisner, Penn Mutual/HTK, Hauppauge, NY