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Knopman Notes Highlight: Limit Up/Limit Down (LULD)

Limit Up/Limit Down (LULD) is a market-wide trading mechanism that protects investors and promotes fair and orderly markets.  The contents of this rule are testable on the Series 24 exam, Series 55 exam, and the Series 10 exam. Candidates must understand this rule and its application.

Below, Brian Marks explains the most important aspects of the rule, and offers illustrated examples of how LULD works.

Check out the other helpful videos on the Knopman YouTube Channel 

Series 10 Exam, Series 24, Series 55 Exam

Dave's mission (and job: Managing Director of Course Design) is to make FINRA exam training engaging, approachable, and dare he even say, enjoyable. Having trained and coached over ten thousand students to exam success he knows how to present complex subjects in memorable and understandable ways. Prior to joining Knopman Marks in 2011, Dave practiced bankruptcy law at Weil, Gotshal & Manages and served as a law clerk in a the Southern District of New York Bankruptcy Court working on the General Motors and Lehman Brothers bankruptcies. Building on his legal expertise and training allows him to keep all our courses updated with the latest legislative and rule-making changes. Dave currently trains for the Securities Industry Essentials (SIE) exam and the Top-Off Series 6, 7, 24, 57, 63, 65, 66, 79, 86, 87, and 99 exams. He also delivers executive one-on-one training and shares his passion for learning outside of work as a ski instructor and yoga teacher. Dave graduated magna cum laude from Fordham Law School, and cum laude with a BA from the University of Pennsylvania.