I did not see any content on spoofing and ghosting (and their differences), but this info was in other SERIES 63 material such as STC, etc. ALSO, did not see any detail on pegging and/ versus capping in the material either.
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Each prep provider makes a judgement call as to what would appear on a .particular exam. I do not think you would see spoofing, capping or pegging on the 63.
Spoofing: Entering orders for a security and then cancelling the order prior to execution. The purpose is to entice others to enter orders to to narrow the quote spread, which results in a better price for the manipulator.
| Pegging |
|---|
Involves trying to increase the value of the underlying security through purchases so that it will not be put to the put option seller
Capping
Involves trying to decrease the value of the underlying security (by selling or shorting) so that a call will not be exercised.
Achievable has a definition of pegging and capping in their textbook for other exams.
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Hi there, thanks for getting back to me. However, I took the test Series 63 last yr and there definitely was capping and pegging. Just FYI
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Thanks for following up. We closely monitor exam feedback and update our materials hundreds of times each month to keep them as current as possible. Based on what we are seeing so far, these appear to be very lightly tested or possibly experimental concepts. Therefore, we have chosen to omit them (for now) to help learners stay focused on the core content. We will continue to monitor changes and add new sections as the exam evolves.