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We report on a study of all major solar eruptions that occurred on the frontside of the Sun during the rise to peak phase of cycle 24 (first 62 months) in order to understand the key factors affecting the occurrence of large solar energetic particle events (SEPs) and ground level enhancement (GLE) events. The eruptions involve major flares with soft X-ray peak flux ≥ 5.0 x10−5 Wm−2 (i.e., flare size ≥ M5.0) and accompanying coronal mass ejections (CMEs). The selection criterion was based on the fact that the only front-side GLE in cycle 24 (GLE 71) had a flare size of M5.1. Only approximately 37% of the major eruptions from the western hemisphere resulted in large SEP events. Almost the same number of large SEP events was produced in weaker eruptions (flare size < M5.0), suggesting that the soft X-ray flare is not a good indicator of SEP or GLE events. On the other hand, the CME speed is a good indicator of SEP and GLE events because it is consistently high supporting the shock acceleration mechanism. We found the CME speed, magnetic connectivity to Earth (in longitude and latitude), and ambient conditions as the main factors that contribute to the lack of high-energy particle events during cycle 24. Several eruptions poorly connected to Earth (eastern-hemisphere or behind-the-west-limb events) resulted in very large SEP events detected by the Solar Terrestrial Relations Observatory (STEREO) spacecraft. Some very fast CMEs, likely to have accelerated particles to GeV energies, did not result in a GLE event because of poor latitudinal connectivity. The stringent latitudinal requirement suggests that the highest-energy particles are likely accelerated in the nose part of shocks, while the lower energy particles are accelerated at all parts. There were also well-connected fast CMEs, which did not seem to have accelerated high-energy particles due to possible unfavorable ambient conditions (high Alfven speed, overall reduction in acceleration efficiency in cycle 24).