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Chapters in this video
- 0:00 The SIE is a prerequisite, not a license
- 1:57 Representative top-off exams by business line
- 3:15 Series 24 boundaries and failure to supervise
- 4:47 FINOP: Series 27 vs. Series 28
- 5:45 October 1, 2018 reciprocal operations rule
- 6:36 The two-principal floor and specialized ceilings
- 7:16 Rapid-fire exam recap
What this video covers
- Why the Securities Industry Essentials (SIE) exam is only a prerequisite, and what two additional boxes must be checked before Riley can sell a single security
- Which top-off exam pairs with each representative activity, from the Series 7 general securities representative down to the Series 99 operations professional
- The exact supervisory limits of the Series 24 general securities principal, and why it does not cover options, research approval, or net capital without additional licenses
- The distinction between the Series 27 financial and operations principal (FINOP) (any firm) and the Series 28 FINOP (introducing broker-dealers only)
- The October 1, 2018 reciprocal registration rule, and which eleven categories automatically qualify a person as an operations professional without the Series 99
- The two-principal minimum as a structural floor, not a ceiling, and why specialized business still requires specialized principals on top of that baseline
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 24 course also includes adaptive practice questions and spaced-repetition flashcards, free through the end of 2026.