STUDY GUIDE FOR SERIES 57 LICENSE EXAM: SERIES 57 CRAM MATERIAL with PRACTICE QUESTIONS and ANSWERS

This book offers Series 57 Exam study material. Subject matter is explained to the point and needless details omitted to save study time.
Content covered includes:
- Market structure
- Employment Forms (U4, U5)
- Exchange Floor Participants: Market Maker, DMM, Floor Broker, Floor Trader, DPM / LMM / SMM.
- Violations (Trading Ahead, Wash Sales, Painting the Tape, Front Running, Trade Shredding, Structuring, Interpositioning, Spoofing, Manning Rule, marking the close / open etc.)
- Regulations (M, FD, SHO, NMS, ATS, etc.)
- Trading Halts
- Insider Trading
- IPO
- Trade Rotation
- Order Audit Trail
- Trade Execution
- Settlement
- Trade Reporting
- Erroneous Trades
- Options clearing process
- Fast Markets
- Security Types (ADR, ETF, ETN, FLEX, Preferred, etc.)
- Order Types (Pegged, Discretionary, Cabinet / Accommodation Trade, FOK, At The Close, MOC, IOC, AON, Minimum Quantity, etc.)
- NASDAQ Opening Cross, Closing Cross and IPO Cross, MarketWatch, TotalView
- SEC Filings
- Share Repurchase
- Penny Stocks
- Portfolio Margin
- Ex-Dividend
- Currency Options
- Trade Blotter
- Record Keeping
- JBO
- Dutch Auction
- Tender Offer
- Options Disclosure Document and Options Account Agreement
- Voting Rights (Statutory, Cumulative, Contingent)
- Position and Exercise Limits
- Position Limit Exemptions
- Code of Arbitration
- ATM, ITM and OTM options
- How to Enter Orders
- Market Maker Option Max Bid Ask Spreads
- Rights Offerings
- OTC Securities, OTCBB, Pink sheets
- NMS Securities terms, Effective Spread
- Self – Help Alert
- Transfer Agents
- Payment for Order Flow
- Program Trading
- CQS / CTS
- VWAP
- Markup / Markdown
- Option Synthetics
- Option Strategies

Based on the study material in chapter 1, over 350 practice questions are provided in chapter 2. Answers to all questions are in Chapter 3.

This book is not intended to provide trading advice and is for educational purposes only. It is meant to be an important supplement with other study material, but should not be used as the only study material you will need to pass the exam.