Market Hours Versus Pre- and Post-Market Trading

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What this video covers

  • How regular trading hours generally run from 9:30 a.m. to 4:00 p.m. Eastern Standard Time, and why the word generally matters
  • Why pre-market and post-market trading are both part of one extended-hours trading definition with one disclosure duty
  • Why an individually furnished risk disclosure in paper or electronic form is a precondition to extended-hours trading
  • When online account opening or online extended-hours trading independently triggers a clear and conspicuous website disclosure
  • The six required risks: lower liquidity, higher volatility, changing prices, unlinked markets, news announcements, and wider spreads
  • Why an alternative disclosure must be substantially similar to the model and cover all six minimum risks, while a website posting cannot replace individual delivery
  • The difference between a duty to consider additional risks and a duty to include them, including exchange-traded funds (ETFs), options, options exercises, stock splits, and dividend payments

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This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 57 course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.

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