Dammit! I didn't pass my Series 55 exam today. I got a 67 and I needed a 70 to pass. Although majority of the people in the company fails on their first try and it has the lowest average score I thought I'd be able to tackle it despite many warning from other traders on how inadequate the study material is. While the test questions are still somewhat fresh in my mind, I'm going to write down stuff that I wasn't sure or had to down right guess...
ADF
TRF
Limit order rules
Which of the following can trade on Nasdaq - NYSE, AMEX, ETFs, NSE, OTCBB?
Regulation NMS - WTF is this? This wasn't even in the book
Earliest you can enter an IOC
MOO - earliest and latest you can enter them
earliest to enter imbalance only orders
short sales - what qualifies as short sale
affirmative determination (convertible, options, warrants/rights)
market maker bid and ask for equity and rights separately and receives and order w/ both
trading halt order imbalance indicator
trade indicators such as late trade or bunch trades
errorneous trades after market hour
clearing arrangement - institution w/ one agent but instructs to compile at another broker/dealer?
trade shredding
legal change in quotations
entering orders at the close to effect the price at the bid or offer?
Reg SHO doesn't apply to what?
VWAP
few questions on safe harbor
customer enters a limit order that's better than the current price and then another customer enters a market order
customer order at $50, willing mark up/down of .50, protect and report at 50 or 50.5?
order instructions, which doesn't apply... GTC, Day, IOC or MAQ
who can access ITS/CAES - specialist?
cross and ACT
block order and options
what qualifies and what doesn't qualifies as excused withdrawal
NASD quarterly examines something...
cash settlement = 2 days before record date?
what qualifies as institution... accredited investor? rep adviser?
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