This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The critical difference between a stop order, which guarantees execution but not price, and a stop-limit order, which guarantees a price but not execution. - That Regulation SHO requires a broker-dealer to locate shares for borrowing *before* executing a customer's short sale. - How the ex-dividend date, typically one business day before the record date, is the key date for determining who is entitled to a dividend. - The purpose of a due bill, which ensures a buyer receives a dividend they are entitled to when a trade settles after the record date. - The ACATS transfer timeline, which requires the carrying firm to validate a transfer in one business day and move the assets within three business days. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep