Series 24: 3.2.6. Prime Brokerage Accounts

Taken from our Series 24 Online Guide

3.2.6. Prime Brokerage Accounts

Because hedge funds and other institutional investors trade with a number of brokers, they sometimes open accounts with a prime broker. A prime broker does not engage in trading activity. Trading is done by the client’s array of executing brokers. The prime brokerage is the place where the client’s trades are cleared and settled.

The prime broker provides a numbe

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 3.2.6. Prime Brokerage Accounts, you might also be interested in:

Series 26 - Variable Annuity Regulations

Series 26 - Customer Identification Program

Series 50 - Important Facts about Swaps

Series 65 - 10.11.13. Recommending Securities in Which the Professional Also Invests

Series 7 - 4.3. Taxation of Cash Dividends

Series 7 - 3.3.2.1 Key Documents

Series 24 - 3.5. Investment Company Accounts and Other Packaged Securities

Series 66 - 2.2.2 Liquidation

Series 27 - Issuer-Directed Exemptions

SIE - 2.10.5. Put Features

Series 53 - Availability of MSRB Rules

Series 65 - Tax-Qualified Variable Annuities

Series 24 - Introducing Broker-dealers

Series 65 - Prohibited Mutual Fund Practices

Series 66 - Right to Receive Dividends

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I wanted to let you know I passed the exam [Series 24] this morning! The practice exams were invaluable. Thank you for your extra help and suggestions. I have recommended this to two of my co-workers who will be taking the Series 7 this year. I will say, the 24 was worded so tricky. And so much irrelevant info put into the questions. I had to write down pieces of the question to get the gist of what it was asking. Very purposfully confusing. But it's over and I'm thankful for your product. Thx again

Karmen Richards, Multi Financial Securities, Greensboro, NC

I passed the 24 the first time with the help of the Solomon materials. The online course and the exams really helped focus in and clarify what was important. I've recommended them to all of my colleagues!

Corrinne Kaucher

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 stuck to the outline day by day and it really helped me with sticking to a routine and curriculum. I passed the Series 24 on my 1st try! Would definitely recommend this to anyone in the Securities Industry.

Rima Mehta, PNC Investments, Charlotte, NC

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

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