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?