Series 56 Feedback

S

Spyder

According to the CBOE Outline, 50% of the test covers Trading Practices and Prohibited Acts. Breakdown is as follows:
1. Supervisory Procedures
2. Applicable Federal Regulations
3. Prohibited Activities
4. Trading Practices
5. Regulation NMS - Regulation of the National Market System
6. Third Party Trades
7. Excercise/Assignment of Options
8. Clearance, Transaction Review and Settlement Procedures
9. Transaction Review
10. Order Tickets
11. Settlement Practices

https://www.cboe.org/examwaiver/Series56ContentOutline.pdf
Ref page 3

For those that have taken the test, do you feel that 50% of the questions fell within these categories?
 

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Quote from Spyder:

According to the CBOE Outline, 50% of the test covers Trading Practices and Prohibited Acts. Breakdown is as follows:
1. Supervisory Procedures
2. Applicable Federal Regulations
3. Prohibited Activities
4. Trading Practices
5. Regulation NMS - Regulation of the National Market System
6. Third Party Trades
7. Excercise/Assignment of Options
8. Clearance, Transaction Review and Settlement Procedures
9. Transaction Review
10. Order Tickets
11. Settlement Practices

https://www.cboe.org/examwaiver/Series56ContentOutline.pdf
Ref page 3

For those that have taken the test, do you feel that 50% of the questions fell within these categories?
More...

At the end of the exam, you get a print out of your score per section.
On the print out it says that 50 questions came from Section 4: Trading Practices and Prohibited Acts
 
Quote from coolhand harry:

At the end of the exam, you get a print out of your score per section.
On the print out it says that 50 questions came from Section 4: Trading Practices and Prohibited Acts
More...

That indeed is correct.

9 - Personnel, Business conduct & recordkeeping/reporting
8 - Markets, participants, exchanges, SROs
20 - Types & charateristics of securities & investments
50 - Trading practices & prohibited acts
13 - Display, execution & trading systems
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100

An easy exam if you have been around the industry for 25 years. Scored a 92% on 1.5 hours of prep.
 
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