Series 24: 2.8.11. SIPA And SIPC

Taken from our Series 24 Online Guide

2.8.11. SIPA and SIPC

In the late 1960s, a crisis in the securities industry led to a frightening succession of brokerage failures. The customers they served lost their investments or became mired in bankruptcy proceedings. To restore public confidence in the industry, Congress responded with the Securities Investor Protection Act of 1970 (SIPA). SIPA created the Securities Investor Protection Corporation (SIPC) in an attempt to protect investors by providing insurance for the assets contained in their securities accounts.

The Securities Investor Protection Corporation is not a government agency but a member-owned, nonprofit corporation whose membership consists of v

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 2.8.11. SIPA And SIPC, you might also be interested in:

Series 66 - 2.4.17.3. Treasury Bills

Series 14 - 5.2.4.4. Regulation of Political Contributions

Series 50 - Risk Associated with Products

Series 7 - 2.11.1 Callable Bonds

SIE - 9.2.16.5. Payments to Unregistered Persons

Series 63 - 1.3.1.1 Investment Adviser Representative Registration

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I took another vendors 24 course but it did not compare to how Solomon Exam Prep for Series 24 prepared me. The material and practice exams, especially the timed exams, were broken up by sections, similar to the FINRA Exam. This really helped in allowing me to understand which section(s) I needed to spend more time on/hit harder. Thank you Solomon!!!

Jim Ruckman, Mass Mutual

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

I would just like to say that Solomon’s customer service was excellent. The material was clear and easy to understand and I feel that it prepared me extremely well for my exam. I found the study outline to be the most helpful in keeping me on track. I would definitely refer the material to anyone taking the Series 24. Thank you to the Solomon team for helping me pass my 24!

Tamaqua Roland, Philadelphia, PA

I would like to say that Solomon test prep had the most varied and comprehensive test bank I have seen. The questions ranged in difficulty and the answer feedback was so detailed, that I felt that I was mastering concepts rather than trying to pin down certain facts in a question just to get the 'one,' answer. I saw many iterations of the sample examinations, and with the courage to keep clicking next and learning, I passed with a score I'm more than happy to claim. Also, the staff are very responsive. I'll be coming back.

Neil, San Diego, CA

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

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