Series 24: 2.7.3.2. Reserve Bank Account

Taken from our Series 24 Online Guide

2.7.3.2. Reserve Bank Account

The customer protection rule also restricts the use of customer cash or margin securities to activities directly related to financing customer securities purchases. A firm cannot use customer property for its own operations without custo

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Since you're reading about Series 24: 2.7.3.2. Reserve Bank Account, you might also be interested in:

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I just passed the series 24! It is, by far, the hardest test that I have ever taken. I had failed it 4 times using other study materials. I have never felt more defeated! Solomon Exam Prep is the best! I took over 154 practice tests...without seeing the same question twice. I was able to finally grasp the material and passed! My only regret is that I did not use the Solomon Exam Prep on my first attempt!

Bill Harpe, Capital Choice. Greensboro, GA

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Thadius Beavers, Prospera Financial. Dallas, TX.

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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Scott Krogmann, Regions Bank, Knoxville, TN

I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

Janie Richards, Austin, Texas