The second most crucial section is Understanding Trading, Customer Accounts, and Prohibited Activities. It holds 31% weightage, and 23 questions will be asked in the final SIE exam.
In this section, you learn about trade orders and settlements, corporate actions, and prohibited activities of registered representatives, such as market manipulation, insider trading, falsifying or withholding documents, etc.
You also learn about customer account types, Business continuity plans, and KYC (know your customer) requirements.