This course is intended for brokers and advisors who are interested in assisting investors in taking advantage of the 1031 Exchange, which provides for the tax deferred exchange of real property. Section 1031 is a part of the IRS Code that permits owners of investment property to defer the capital gains tax on the exchange of property of a like kind. The deferral of capital gains applies to a like-kind exchange of rental real estate but not to like-kind exchanges of stocks, bonds and partnership interests. This course discusses the benefits of exchanges ones property versus selling it, general guidelines surrounding a 1031 exchange and different types of exchanges.

Training Topics

- 1031 Exchange Definition - Why Do a 1031 Exchange? - Benefits of Exchanging vs. Selling - Different Types of Exchanges - What is a Boot? - Mortgage Boot - Cash Boot - 45- and 180-Day Deadlines - Qualified Intermediary (QI) - Reverse Exchange - Realized Gain and Recognized Gain

This course is beneficial for individuals whose employers offer retirement plans, including 401(k)s and qualified plans. One of the most important and meaningful benefits an employer can offer is a retirement plan. This is true whether the employer is a large corporation or a small business. Retirement plans allow employers and employees to save money, in tax deferred accounts, delaying income tax payments until funds are withdrawn at some future date. This course discusses types of qualified plans, eligibility requirements and the importance of selecting the most suitable retirement plan.

Training Topics

- What are 401(k)s and Qualified Plans? - Overview of Plans - Types of Qualified Plans - Why Establish a Qualified Plan? - Eligibility Requirements for Employers? - Eligibility Requirements for Employees? - Vesting Schedules - Contributions - Investing Plan Assets - Distributions

This course provides registered representatives with a clear overview of 529 plans - both prepaid tuition and education savings options - and how they can be used to help families save for education in a tax-advantaged way. It explains eligible expenses, federal updates that broaden allowable uses, and the connection between 529 plans and ABLE (Achieving a Better Life Experience) accounts. The course also reviews key communication, documentation, and compliance considerations when recommending 529 plans to clients.

Training Topics

- 529 Plan Fundamentals - Eligible Expenses - Regulatory Oversight - ABLE Account Rollovers

This course provides representatives with an overview of the characteristics of ethics and professionalism. This course discusses the standards by which a professional should be judged and a study of ethics on its philosophical and compliance levels. The objective of this course is to provide participants with a reasoned analysis of the connection between professionalism and ethical practices. Please note: This course includes audio on each page.

Training Topics

- Professionalism - Education - Standards of Professional Conduct - Understanding Ethics - Compliance and Professionalism - Making the Case for Good Business Ethics

This course is intended for registered representatives, sales personnel, supervisors, or any financial service industry professional interested in learning new advances in prospecting techniques. The objective of this course is to provide representatives with a summary of the current rules on prospecting for these financial services and products. Covered are the most current FINRA rules, communication standards, SEC rules governing variable annuity prospecting, and general compliance standards.

Training Topics

- Overview - Technology Changes - Prospecting Methods - Definitions - Rule 2210 - Prospecting - SEC Guidelines - Telemarketing Rules - State Regulations Requirements - Uniform Securities Act - New Products

This course is intended for registered representatives and supervisors that primarily work with retail clients. Representatives play a valuable role in customer satisfaction. A customer's positive or negative experience with your firm usually depends on the quality of service on the front line. Firm impressions are long lasting and difficult to change; therefore, it is extremely important that customer service in this area is consistently excellent. In taking this course, representatives will gain an understanding of the skills, attitudes and thinking patterns needed to win customer satisfaction and loyalty.

Training Topics

- Defining Service - First Impressions - Putting Your Customer First - Effective Communication - Body Language - Building Relationships - Mutual Communication - Appearance and Impressions - General Service Tips for the Telephone - Service/Sales Success Tips for Calls - Phone Etiquette in General - E-Commerce Contacts - Handing Difficult Customer Contacts - The Unhappy Customer - The Power of Positive Language - Customer Service Management - Customer Service Training

This course is intended for supervisors that are responsible for monitoring registered representatives' use of the various types of electronic communications, such as blogs, bulletin boards, chat rooms, social networking sites and websites. This course also reviews the various rules and standards that encompass electronic communications. Additionally, specific issues are covered concerning the different methods/forms of electronic communications. It reviews the various rules and standards that cover electronic communications. Additionally, the course will cover FINRA's rules and views regarding electronic communications in the various forms available today.

Training Topics

- Introduction to Electronic Communications - Definitions - Supervision of Electronic Sites - FINRA's Views

This course is intended for retail representatives, institutional representatives, investment advisors, supervisors or any financial service industry professional. This course will look at the problems of the spreading of false rumors and the aftermath that has followed. It will review the SEC's response to this matter and the steps regulators are taking to stop the rumors. Specifically, the course will look at FINRA Rule 2010 and FINRA Rule 6140. Lastly, this course will identify steps organizations must take to ensure their employees are not a party to the spreading of false rumors. All of the practices outlined in this course will help member firms avoid the pitfalls and problems regarding the spreading of false rumors. Please note: This course includes audio on each page.

Training Topics

- Deterring False Rumors & Market - Manipulation: Background - Secured Finding - Market Manipulation & Short Selling - Spreading of False Rumors - SEC Action Taken & SEC Emergency Order - Rules Regulating the Spread of False Rumors - Steps Required to Ensure Compliance - Supervision of Registered Representatives - Review of policies and other controls

This course equips registered representatives in wholesaler roles with the knowledge and practical tools to navigate today's compliance expectations. Learners explore FINRA rules governing communications, gifts and entertainment, product education, and Reg BI influence. Through real-world scenarios and interactive activities, the course reinforces ethical decision-making, empowering wholesalers to strengthen advisor relationships while maintaining full regulatory compliance in every interaction.

Training Topics

- Wholesaler - Gifts and Entertainment - Communications - Sales Practices

This advanced-level firm element course provides a higher level look at AML for all types of financial services representatives and agents, and includes real-world case studies to illustrate the concepts discussed. Topics covered by this course include: Understanding the evolution of AML laws in the US; Real-world examples of red flags; How reporting tools are used by FinCEN and law enforcement; and Examination of case studies, focusing on red flags that were caught or missed, and how the criminals involved were abusing financial services to launder money for illegal endeavors.

Training Topics

- Review of Money Laundering Basics - Evolution of the Bank Secrecy Act and Anti-Money Laundering Measures in the US - AML and CIP Program in the Financial Services Industry - CDD Rule - Red Flags - Case Studies

This course is intended for registered representatives and supervisors that maintain a solid understanding of mutual fund basics and/or are involved in managing mutual fund accounts. This course provides participants with an advanced look at the terminology and measures involved with risk/return concepts used in portfolio management. A more thorough understanding of the investor's portfolio can be gained through the application of this course.

Training Topics

- Overview - Investor Discussion - Indifference Curve - The Origins of Asset Allocation - Measure of Risk - Performance Measures

This course provides a refresher on essential knowledge and history of cryptocurrencies alongside a deeper look into the regulatory responses at both state and federal levels as it relates to understanding the ever-changing environment surrounding digital assets in the financial services sector. We will cover custody requirements, cryptocurrency as payment, and a brief look at the crypto marketplace at the end of 2021. OCC guidance will be a primary focus with some discussion on the words of the SEC Chairman Gary Gensler.

This course is intended for registered representatives, investment advisors, institutional representatives, traders, and supervisors who have a well-rounded background in the issuance, distribution and risk-analysis of conventional securities. Those taking this course should have an intermediate understanding of the securities markets and the wide variety of securities products that are offered to investors. This course focuses on the life of a customer order (how an order becomes a trade) and various order types (especially less commonly used order types).

Training Topics

- Order Execution Qualifiers - Automated Execution Systems - The Effects of Ex-Dividend Dates on the Secondary Market - NYSE Listing Requirements - Auction Procedures - Priority, Precedence, and Parity

This course equips advisors with the knowledge, tools, and frameworks needed to navigate the intricate ethical dilemmas that arise in the profession. Designed to promote ethical excellence, this course explores the principles of fiduciary duty, advanced reasoning techniques, and the nuances of maintaining trust in client relationships. Participants will be presented with real-world scenarios, case studies, and emerging challenges, such as navigating gray areas in regulatory guidance, managing conflicts of interest, and balancing personalized financial planning with fiduciary responsibilities. The course also emphasizes the importance of ethical leadership, organizational culture, and continuous professional growth, providing actionable strategies for fostering a client-first approach and addressing unconscious bias. This course includes audio.
NOTE: This course contains IA-related material.

Collective Investment Funds (CIFs) are tax-exempt pooled investment vehicles maintained by a bank or trust company. The general attributes, regulation and investment risks and rewards of CIFs are discussed in this course. This course will also focus on CIF administrative requirements, internal controls, risks and risk management and the use of third-party vendors.

Training Topics

- Administrative Requirements Governing CIFs - Risks - Risk Management - Outsourcing: Use of Third-Party Vendor

This course is intended for registered representatives, investment advisors, institutional representatives, traders, analysts and supervisors who have a well-rounded background in the issuance, distribution and risk-analysis of conventional securities. Those taking this course should already have an intermediate understanding of the securities markets and economic analysis. Insider trading is a term that most financial professionals have heard and usually associate with illegal conduct. In reality, the term actually includes both legal and illegal conduct. The legal version is when corporate insiders, officers, directors and employees buy and sell stock in their own companies. When corporate insiders trade in their own securities they must report their trades to the SEC. Illegal insider trading refers generally to buying or selling a security in breach of a fiduciary duty or other relationship of trust and confidence while in possession of material, nonpublic information about the security. This course covers the definition of insider trading, why insider trading is important, and insider trading rules. Individuals taking this course will also learn how to identify key terms related to insider trading, rules and regulations governing insider trading, and consequences of insider trading.

Training Topics

- Insider Trading: Three Scenarios - Case Study - Definition of Insider - What is Inside Information? - Trading on Inside Information - Tipping - Public Disclosure - Regulatory Background - SEC Rules and Regulations - Laws Related to Insider Trading - Landmark Cases

This course is intended for registered representatives, investment advisors, institutional representatives, traders, analysts and supervisors who have a well-rounded background in the issuance, distribution and risk-analysis of conventional securities. Those taking this course should already have an intermediate understanding of the securities markets. This course will cover the topic of mutual funds, beginning with basic features, characteristics and benefits. The course will wrap-up by discussing tax considerations, breakpoint abuse and asset allocation.

Training Topics

- What are Mutual Funds? - Mutual Fund Pricing - Types of Investment Companies - Fund Investment Objectives - Mutual Fund Risks - Taxation - Fund Structure - Fees and Expenses - Mutual Fund Breakpoints - Asset Allocation

Derivative investments, such as swaps, forwards, futures, and options play a varied and unique role in the securities industry within both institutional and retail portfolios. This course is designed to expand upon the student's intermediate understanding of options by exploring different types of options strategies. Options strategies may be employed as a means to protect account holdings as well as the potential to generate a profit. This course focuses on advanced options strategies that may be encountered by the investment professional, as well as the potential risks and rewards involved when investing in this type of derivative.

Training Topics

- Understanding delta, gamma, theta and vega - The concept of implied volatility - Bullish and bearish strategies and volatility plays, including spreads, writes, straps, strips, straddles, strangles, guts, ladders, butterflies, and condors - Suitability and sales process considerations, including the risks and costs associated with options investing

This course is intended for registered representatives and supervisors working with private placements. The term "private placement" refers to the offer and sale of any security by a brokerage firm not involving a public offering; hence it's a "private offering." Private placement offerings are not the subject of a registration statement filed with the SEC under the Securities Act of 1933. Any registered representative involved in the private placement process, is expected to have a working familiarity with Regulation D. This course will take an advanced look at this type of offering, providing insight as to its genesis and the rules and advantages they offer to investors.

Training Topics

- Definition of Private Placement - Qualifications - Regulation D - Rules 501-508 - Qualifications for Exemption - Blue Sky Regulation

This course provides a comprehensive overview of Anti-Money Laundering (AML) compliance, detailing its importance, regulatory frameworks, key components, challenges, and emerging trends. It covers foundational principles like Customer Due Diligence (CDD) and Suspicious Activity Reporting (SAR), regulatory standards from bodies like the FATF, and the impact of technologies such as AI and blockchain. Case studies, including the PlusToken Ponzi scheme and one firm's legal challenges, illustrate practical applications and the evolving landscape of AML efforts. The course also emphasizes the need for ongoing education, collaboration, and proactive measures in combating financial crime.

This course is designed to educate representatives about the various concepts regarding structured products. The course assumes at least a basic level of understanding of structured products and portfolio management in general. Once a refresher of the basics has been covered, the course describes structured products usage within a portfolio, special risk considerations and how it can be used as an alternative to direct investments in limited partnerships.

Training Topics

- Types of Structured Products - Risk Considerations, General - Risk Considerations, Special Situations - Regulation of Structured Products, Specific FINRA Rules Cited - Supervision of Structured Product Sales - Training of Registered Representatives about Structured Products

Investment Advisers have a complex web of guidelines and regulations to navigate when communicating with the public, potential investors, and existing clientele. In this course, users will learn about advertising regulations while picking up some tips and best practices for dealing with these types of communication. Additionally, the course will cover advertising-related regulations, federal enforcement actions, and regulatory organization guidelines.

This course prepares Investment Adviser Representatives to meet regulatory expectations for business continuity planning (BCP). Learners will explore key BCP components - data protection, communication protocols, office relocation, succession, and third-party risk management - with a focus on practical application and fiduciary responsibility. The course emphasizes real-world scenarios, compliance best practices, and the adviser's role in supporting plan execution. By course end, learners will be equipped to contribute to firm-wide continuity strategies that protect clients and ensure regulatory readiness. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Business continuity planning - Office relocation - Succession - Third-party risk management - Fiduciary responsibility

This course examines how artificial intelligence is becoming part of financial services, creating new efficiencies but also new potential risks for investment adviser representatives. It explains how AI fits within the existing regulatory framework, including fiduciary duties, the Marketing Rule, the Books and Records Rule, and Regulation S-P - framed through the lens of ethical responsibilities. Through examples, enforcement cases, and professional guidance, you will see that while technology may evolve, your ethical duties do not: the standards of care, honest and transparent disclosure, and protection of client data remain constant and must guide your judgment in practice. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- AI in Advisory Practice - Regulatory Framework - Fiduciary Duty and AI (Ethical Risks & Judgment) - AI-Related Compliance Risks - Best Practices for Using AI Responsibly

This course aims to provide financial professionals with an in-depth understanding of the transformative impact of Artificial Intelligence (AI) on the financial services industry. It covers topics such as the regulatory landscape, ethical considerations, and practical applications of AI in finance. By the end of the course, participants will be equipped with actionable insights to navigate the complex compliance requirements and ethical dilemmas posed by AI in the financial industry.

This course takes a closer look at the policies, practices, corporate governance and marketing of alternative mutual and exchange-traded funds

Training Topics

- Liquidity, leverage, and valuation policies and practices - Staffing, funding, and empowerment of boards, compliance personnel, and back-offices - Marketing - Suitability Representations and Recommendations

This important course is intended for Investment Adviser Representatives (IARs) and Chief Compliance Officers (CCOs) who utilize alternative investments in their business model. It provides practical advice on how Registered Investment Advisers (RIAs) can evaluate alternative investments and determine if they are the right choice for their clients. Advisers will receive guidance on how to conduct due diligence of alternative investments and their managers. In addition, the course will discuss the Securities and Exchange Commission's (SEC) observations regarding the due diligence practices of certain RIAs that manage or recommend alternative investments. It will also identify the red flags that advisers should watch out for when evaluating alternative investments and their managers.

This course will provide detailed information on the topic of currency, which can be used as an Alternative Investment Strategy. The basic structure of a currency investment will be discussed, as well as its risks and potential benefits. Then, an in-depth look at how a currency investment will react to various market movements and conditions. At the conclusion of this course, you should have a solid understanding of how to effectively use and recommend a currency investment strategy to clients.

Training Topics

- Currency Derivatives - Risks - Benefits - Currency as a Defensive Position - How Does a Currency Strategy Perform in Various Market Conditions

This course will provide detailed information on using a Long / Short Investment Strategy. The basic structure of a Long / Short strategy will be discussed, as well as its risks and potential benefits. Then, an in-depth look at how a Long / Short strategy will react to various market movements and conditions. At the conclusion of this course, you should have a solid understanding of how to effectively use and recommend a Long / Short Alternative Investment Strategy to clients.

This course will provide detailed information on using a Market Neutral Alternative Investment Strategy. The basic structure of a Market Neutral strategy will be discussed, as well as its risks and potential benefits. Then, an in-depth look at how a Market Neutral strategy will react to various market movements and conditions. At the conclusion of this course, you should have a solid understanding of how to effectively use and recommend a Market Neutral Alternative Investment Strategy to clients.

This course will provide detailed information on using a Multi-Alternative Investment Strategy. The basic structure of a Multi-Alternative strategy will be discussed, as well as its risks and potential benefits. Then, an in-depth look at how a Multi-Alternative strategy will react to various market movements and conditions. At the conclusion of this course, you should have a solid understanding of how to effectively use and recommend a Multi-Alternative Alternative Investment Strategy to clients.

This course is intended for registered representatives, investment advisers, institutional representatives, traders and supervisors who have a well-rounded background in the issuance, distribution and risk-analysis of conventional securities. Those taking this course should have an intermediate understanding of the securities markets and the wide variety of securities products that are offered for sale to investors. This course will cover the most often utilized alternative investment options, such as Futures, Options, ETFs, Hedged Funds, REITS and Gold.

Training Topics

- Background of Alternative Investments - Alternative Investment Types - Futures - Options - Exchange-Traded Funds (ETFs) - Hedge Funds - Gold

In a rapidly evolving market, understanding the unique characteristics and compliance challenges of alternative investments is critical for fiduciary excellence. Alternative Investments: Fiduciary Focus equips advisers with a practical framework for integrating private equity, hedge funds, real estate, and other non-traditional assets while upholding fiduciary duties of care and loyalty. Through concise, real-world case studies and interactive exercises, learners will deepen their understanding of SEC guidance on disclosure requirements and conflict mitigation, apply ethical principles to fee analysis and liquidity assessments, and adopt best practices for thorough due diligence and documentation. By the end of the course, participants will be able to navigate compliance pitfalls and tailor alternative investment recommendations to client needs, aligning each proposal with fiduciary standards and sound due diligence practices. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Alternative Investments - Fiduciary Duty - Due Diligence - Portfolio Diversification - Liquidity Risk - Fee Structure - Conflict of Interest - Private Equity - ESG Integration - Regulatory Compliance

This course will provide the student with an overview of correlation, diversification, suitability and a variety of alternative investment products including their requirements, risks and rewards.

Training Topics

- Introduction - Non-Correlation of Returns - Comparison of Trend-following, Systematic Trading and Discretionary Trading Strategies - Overview of Common Alternative Investments - Accredited Investors and Minimum Investments - Alternative Funds as Mainstream Investments

This course will discuss Alternative Mutual Funds, starting with a high-level overview of mutual funds so that we can further discuss alternative mutual funds. The course will follow with examples of the alternative investments found in alternative mutual funds. After an understanding of the assets that will be involved, we'll discuss the investment objectives and strategies. The class will then cover the regulation of alternative mutual funds. We'll examine FINRA Rule 2111 and how it pertains to suitability. The final topic will be the key topics to discuss with clients while selling an alternative mutual fund. The course will wrap up with three case studies on FINRA violations in regards to alternative mutual fund sales.

This training segment is to ensure registered representatives are knowledgably working with alternative mutual funds and educating suitable clients in the products before making recommendations.

Training Topics

- Liquid Mutual Funds - Client Suitability - Product Suitability - Benefits - Risks - Costs - Marketing - Consequences

This course was developed to address concerns of the Financial Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) regarding the sale and suitability of alternative mutual funds. The alternative funds market has skyrocketed since the economic crisis of 2008. Such explosive numbers in the alternative funds sector have caused the market, retail investors, and media to stand up and take notice; and so have FINRA and the SEC. FINRA and the SEC are the regulating agencies of registered mutual funds.

Training Topics

- This course addresses the components of: - Alternative funds - Alternative strategies applied to the funds and whether they meet suitability requirements for the retail customer - Disciplinary actions taken by FINRA - SEC illustrate the importance of implementing suitability requirements when recommending alternative funds as part of a portfolio diversification strategy

This course is designed to educate employees at financial institutions regarding so-called Alternative Mutual Funds. Although there will be some discussion of alternative investments in general and alternative funds such as hedge funds and ETFs, the main focus will be on mutual funds that invest in alternative assets and/or employ alternative trading strategies. This course will give an overview of the types of funds available, and the pros and cons associated with investing in these funds. It will also discuss the regulatory environment surrounding recommendations and sales of alternative mutual funds.

This course provides a practical understanding of Anti-Money Laundering (AML) regulations and best practices to help financial professionals detect and prevent financial crime. Learn how to identify red flags, apply a risk-based approach, and fulfill reporting obligations to maintain compliance and protect the integrity of the financial system.

Key Topics:
- Core AML regulatory frameworks, including the Bank Secrecy Act and USA PATRIOT Act
- The Five Pillars of an Effective AML Compliance Program
- Emerging financial crime risks, including cryptocurrency and shell companies
- Identifying suspicious activity and reporting obligations
- Consequences of non-compliance and enforcement trends

Who Should Take This Course? Designed for retail representatives, investment advisors, supervisors, and any financial services professional responsible for AML compliance and risk management. This course includes audio on each page.

Training Topics

- AML regulatory framework - Bank Secrecy Act - USA PATRIOT Act - compliance - reporting obligations - risk management

This course is designed for individuals who work or aspire to work in the private equity industry and need to understand why money laundering is illegal and the associated anti-money laundering (AML) regulations. This material is suitable for investment professionals at all levels, with an emphasis on senior executives who are responsible for ensuring compliance with AML regulations. Most financial institutions that deal with complex investments have AML-related responsibilities. This course is an introduction and discussion of AML topics including awareness, training, regulations, and compliance. In particular, the material focuses on the financial world of private equity as it pertains to AML concerns, regulations, and compliance. Upon completion, course participants will have a solid understanding of AML, regulation compliance, and best practices that help mitigate risks associated with the financial crime of money laundering.

This course is designed to educate employees at financial institutions regarding the opening and maintaining of accounts for foreign persons who hold or have held political positions, or who are associated with those who hold such positions. So called Politically Exposed Persons and Senior Foreign Political Figures present firms with risks associated with money laundering and other crimes related to government corruption. This course explores those risks, discusses the regulatory requirements related to assessing and managing those risks, and the ways that firms and agents can mitigate those risks.

This course is designed for registered representatives of institutional broker-dealers. The course begins with a review of basic anti-money laundering concepts, and then shifts to the representative's role in preventing, detecting and reporting suspicious activities that may point to illegal money laundering. The course concludes with a case study involving a US broker-dealer's AML failures relating to institutional customer accounts.

Training Topics

- AML Background - US Anti-Money Laundering Laws - Risk-Based AML Programs - What is Money Laundering? - Customer Identity Verification - CDD Rule - Documentary and Non-Documentary Verification - Customer Due Diligence and Risk Assessment - Detecting and Reporting Red Flags - Case Study

This course provides registered representatives with a practical overview of anti-money laundering risks that may arise when accounts involve foreign or non U.S. individuals, entities, or activities. he course reviews the core AML framework under the Bank Secrecy Act and FINRA Rule 3310, and examines how geographic risk, ownership structures, and transaction behavior can elevate AML risk in foreign account relationships. Through examples and scenarios, registered representatives will learn to recognize potential risk indicators, understand common challenges related to foreign documentation and ownership transparency, and reinforce their role to document observations and escalate concerns in accordance with firm policy.

Training Topics

Geographic Risk, Transaction Red Flags, Customer Identification, Escalation Duties

This course introduces Investment Adviser Representatives (IARs) to the new Anti-Money Laundering (AML) requirements under the Bank Secrecy Act. Participants will explore the rule's background, coverage, and 2028 compliance deadline, while learning the five pillars of AML programs, reporting and recordkeeping obligations, and practical steps for identifying and escalating red flags. Through examples and case studies, advisers will gain the knowledge needed to protect clients, safeguard their firms, and meet evolving regulatory expectations. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Anti-Money Laundering - Bank Secrecy Act - Reporting and recordkeeping obligations - Red flags

This course introduces registered representatives to key concepts in today's anti-money laundering (AML) environment. It reviews how regulators assess AML programs, how money-laundering risk may appear in everyday account activity, and how front-line awareness supports a firm's compliance efforts. Through real-world scenarios, red-flag examples, and enforcement-based lessons, the course connects AML rules to the types of customer interactions and transactions registered representatives commonly encounter.

Training Topics

- AML Risk - Customer Verification - Ongoing Monitoring - Suspicious Activity

Collective Investment Funds (CIFs) are tax-exempt, pooled investment vehicles maintained by a bank or trust company. The federal securities laws generally require entities that pool securities to register those pooled vehicles (such as mutual funds) with the SEC. This course provides an introduction to CIFs, the different types, regulations and other basic information about this type of investment.

Training Topics

- Understand the definition of a CIF - Discuss the differences between CIFs and mutual funds - Identify different types of CIFs - Know how CIFs are regulated - Understand specialized CIFs - Discuss the rewards and risks of CIF investing

This course is intended for registered representatives that primarily work with clients interested in investing in non-traded REITs. Ideal investors include individuals seeking to add income and/or reduce portfolio volatility as part of a broader financial plan. This course will explore REITs as an asset class and will look specifically at non-traded or non-listed REITs, a subset of the REIT market. The course will explore the benefits and risks of investing in the non-traded REIT market and the type of investors who can benefit from these investment products.

Training Topics

- What is a REIT? - Types of REITs - Benefits of REITs and Non-Traded REITs - Description of Non-Traded REITs - What makes a good non-traded REIT? - Differences from Limited Partnerships - Who should invest in non-traded REITs? - Risks of Non-Traded REITs - 1031 Tenants in Common and 721 Exchanges

This course will focus on FINRA rules and regulations related to broker-dealer advertisements. It is designed to provide an overview of general terms, content standards, disclosure requirements, supervision, recordkeeping, and requirements to file certain advertisements directly with FINRA. In addition, SEC rules related to Investment Company, and Investment Adviser advertisements, as well as municipal security advertisements (covered under MSRB rules) will be briefly discussed. This course would be suitable for anyone working in a marketing function, individuals responsible for the internal review and approval of advertisements, compliance staff, and any other individuals seeking a general understanding of advertising regulation. However, it is important that individuals who are directly responsible for the review, approval or filing of firm communications receive additional training. They should also be properly registered with FINRA and/or the MSRB. One form of training is available at FINRA's annual Advertising Regulation Conference (recordings of which are available through FINRA), as well as the FINRA Advertising Boot Camp which is conducted for individuals who are new to advertisement supervision.

This course is designed to provide representatives with a general understanding of fixed income securities - what they are, how they can be employed in an investor's portfolio, and the potential risks and rewards of investing in fixed income securities.

Training Topics

- Types of fixed income securities, including Treasury bonds, agency securities, municipal securities, mortgage-backed securities, collateralized mortgage obligations, and preferred stock - The role of intermediaries in the fixed income market - How fixed income securities are bought and sold - What types of investors may purchase fixed income securities - US and global bond markets - Suitability and sales process considerations

This course will review the custody rule, the amendments to it over the years, the different triggers for custody, and who is a qualified custodian. By the end of the course, students will have a better understanding of what it means to take custody, the impact of this, and the regulations surrounding being a custodian.

This course will review recent Anti-Money Laundering developments including regulatory guidance from the securities and banking industries, FATF cryptocurrency guidance, enforcement actions, and several case studies. By the end of the course, students will have a better understanding of the front-end of the regulatory environment and how money laundering is detected and prosecuted in modern cases. This course includes audio.
NOTE: This course contains IA-related material.

A course covering 2020 AML updates and enforcement actions would not be complete without understanding the impact of the COVID-19 pandemic on the flow of illicit funds and the new ways that criminals found to exploit the confusion and systemic vulnerabilities exposed by the pandemic as both government and private entities pivoted business models over the course of just a few months. This course weaves together COVID-19 related money laundering examples, with enforcement actions, AML trends, and U.S. Legislation directed at improving AML efforts.

This course covers 2021 anti-money laundering (AML) updates and things to consider in an everchanging world. The advent of Covid-19 and multiple variants that have come afterwards has created the perfect storm for those who want to conceal dirty (laundered) money. The new environment of remote work and in a lot of cases virtual interactions with new and existing clients further complicates the ability to track and catch these illegal activities. Add cryptocurrency to the mix with its anonymity and life in the financial industry has become complicated in ways never imagined even 10 years ago.

This course will review recent Anti-Money Laundering developments including regulatory guidance from the securities and banking industries, FATF cryptocurrency guidance, enforcement actions, a new FinCEN department and several case studies including the Danske Bank AML case and the US' Mueller report. By the end of the course, students will have a better understanding of the front-end of the regulatory environment and how money laundering is detected and prosecuted in modern cases.

This course uses facts from actual cases to enable the student to identify regulatory requirements, understand compliance obligations, and recognize the possible consequences of failure to comply with regulatory and firm requirements.

Training Topics

- Outside business activities - private securities transactions - U-4 disclosures; responding to compliance requests - customer information - customer complaints and settlements - use of captured email addresses - handling of customer funds - trade authorization - conflicts of interest - due diligence - recordkeeping best practices.

This course is designed to remind institutional registered representatives of their compliance obligations and draws on recent FINRA enforcement actions to demonstrate the consequences of failing to meet those obligations. Please note: This course includes audio on each page.

Training Topics

- The reminders related to social media and public communications; - trade authorizations; - Form U4 disclosures; - outside business activities; - private securities transactions; - handling customer funds related to borrowing money from customers; - avoiding insider trading; - information barriers; and - maintaining ethical behavior

This course is intended for registered representatives and supervisors who are involved with the sale of annuity products, the servicing of these products, or providing recommendations/guidance to clients that purchase annuities. All deferred annuities come in two contract forms: namely as Owner-Driven (OD) and Annuitant-Driven (AD). By "driven" we are referring to certain actions that occur upon death that are beyond the control of named parties to the contract unless proper structuring is done regarding who owns who is an annuitant and who is a beneficiary to the contract. This course discusses time horizons, advantages of annuities, deferring taxes and annuity contract structuring.

Training Topics

- What are Annuities? - Time Horizon / Annuity Advantages - Deferring Taxes - Annuity Contract Structuring - The Enhanced Death Benefit - Implications - The Importance of Proper Annuity Contract Structure - Typical Family Structure - Problems - Taking Corrective Action - Preferred Family Structure

This course is intended for registered representatives and supervisors involved in the sale of annuity products, the servicing of these products or providing recommendations/ guidance to clients that purchase annuities. Annuities play an important role in retirement planning, enabling investors to save money and taxes, while eliminating the fear that they will outlive their savings. There are many kinds of annuities - some tailored for income some for future growth and some as savings vehicles dependent on the exact income and investment needs of an investor. This course will provide representatives with a basic understanding of the various types of annuities available to investors today and how they work.

Training Topics

- What is an Annuity? - Annuity Background - Tax-Deferred Annuity - Three Types of Tax-Deferred Annuity Products - Fixed Annuity & Equity-Indexed annuity - Variable Annuity - Is There Risk Associated with Annuities?

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional interested in learning about anti-fraud programs and controls and what they need to do to ensure that they, and their clients, are not a victim of this crime. Preventing fraud has always been a concern for organizations; in the new regulatory world it has become a matter of law. While the cost of fraud and penalties for non-compliance are in themselves important considerations, today's zero-tolerance environment means that fraudulent financial reporting or misappropriation of assets can have serious ramifications for an organization, and in some circumstances, even spell the demise of an organization.

Training Topics

- Political and Legislative Context - What Is Fraud? - Anti-Fraud Prevention and Timely Detection - Internal Controls - One Size Does Not Fit All - Appropriate Treatment

Preventing fraud has always been a concern for organizations; in the new regulatory world it has become a matter of law. While the cost of fraud and penalties for non-compliance are in themselves important considerations, today's zero-tolerance environment means that fraudulent financial reporting or misappropriation of assets can have serious ramifications for an organization, and in some circumstances, even spell the demise of an organization. This course will provide an overview of potential fraud situations and measures that can be taken to avoid fraud and protect customers.

Training Topics

- Political and Legislative Context - What is Fraud? - Anti-Fraud Prevention and Timely Detection - Internal Controls - One Size Does Not Fit All

This course is intended for registered representatives, supervisors, compliance staff, senior management, and firm principals affiliated with broker-dealers as a part of their mandatory requirement to identify scenarios and situations that could be constituted as money laundering, as well as an explanation of the consequences associated with money-laundering. In this course, we will also take a look at the various sanctions that will and can be used for people and entities that violate the AML rules, as well as the real-life applicability of the AML sanctions.

Training Topics

- Anti-money laundering sanctions - Overview of Sanctions - CDD Rule and Requirements - Consequences of Non-Compliance - Real-World Examples

This course is directed to individuals working with institutional clients who must become more aware of the requirements to detect and prevent money laundering. Specifically, this course complies with the USA Patriot Act requirements for ongoing anti-money laundering training. The course begins with a review of money laundering regulations and the organizations charged with enforcement. The course then outlines the various money laundering stages and suspicious activities that can help personnel detect and prevent money laundering. Finally, the course outlines responsibilities for representatives dealing with institutional clients focusing on knowing your customer, information verification, due diligence, and finally a case study identifying the importance of the following rules and potential problems that may occur if AML procedures are not followed. Please note: This course includes audio on each page.

Training Topics

- History of Anti-Money Laundering Regulations - Historical Federal Legislation - USA Patriot Act & New Red Flag Requirements - What is Money Laundering? - What is at Stake? - CDD Rule - Using the Office of Foreign Assets Control - Responsibilities with Institutional Clients

This course is designed for registered representatives of institutional broker-dealers. The course begins with a review of basic anti-money laundering concepts, and then shifts to the representative's role in preventing, detecting and reporting suspicious activities that may point to illegal money laundering. The course includes a case study based on a real-world example of Anti-Money Laundering failures relating to institutional customer accounts. Please note: This course includes audio on each page.

Training Topics

- What is Money Laundering? - U.S. Anti-Money Laundering Efforts: Laws, Agencies, FINRA requirements - Customer Identity Verification: Documentary and Non-Documentary - Customer Due Diligence and Risk Assessment - CDD Rule - Detecting and Reporting Red Flags: Behavioral and Transactional Red Flags - Investigating and Reporting Suspicious Activities - Case Study

This course is designed for registered representatives, supervisors, and institutional sales representatives. The objective of this course is to raise the awareness of anti-money laundering regulations so that representatives have the knowledge to prevent and detect money laundering. This knowledge will help ensure that each representative and their employer do not become involved in investigations or scandals that could harm the company's reputation or risk client relationships. After completing this course, representatives will have a better understanding of anti-money laundering regulations, including the Know Your Customer rule, as well as be able to better recognize suspicious activities to protect themselves from the consequences of being linked in any way to money-laundering activities. Please note: This course includes audio on each page.

This course is intended for retail representatives and provides an overview of broker-dealer AML program requirements, "red flags" and suspicious activities, as well as a registered representative's role in detecting, preventing and reporting suspicious activity.

Training Topics

- Definition and criminalization of money laundering - Developing and testing an anti-money laundering program - Customer identification procedures - CDD Rule - Detecting and reporting suspicious activity - Criminal sanctions

This course is designed for tellers, operational staff, compliance, and any employee working directly or indirectly with the banking industry. This course will provide basic background information on U.S. money-laundering laws and international anti-money laundering efforts. It also discusses actions bankers can take to better identify and manage risks associated with money laundering and terrorist financing. It is intended to provide a high-level discussion of concepts and issues.

Training Topics

- Overview of Money Laundering - The Bank Secrecy Act - What Bankers Can Do to Help - Monitoring Programs - CDD Rule - Types of Banking - High-Risk Customers - Money Laundering Red Flags - Terrorist Financing Red Flags - Reports and Records

This course provides an overview of AML concepts, tailored for producers. The focus is on the need for front-line brokers and agents to have an understanding of how money laundering works, and the risks and red flags they should be aware of in their role as producers.

Training Topics

- The stages of the money laundering process - Money laundering and terrorist financing - Agents' and broker's responsibilities - Identifying red flags - Customer identity verification requirements - CDD Rule - Foreign clients and overseas markets - FinCEN, OFAC and FATF - Case studies relating to a producer's role in detecting and preventing money laundering in daily operations

This course is intended for retail representatives, investment advisors, supervisors, or any financial service industry professional interested in learning how industry rules regarding anti-money laundering rules and regulations. The objective of this course is to introduce agents to the federal laws and regulations that apply to money laundering, record keeping, and reporting. The course discusses some red flags that may indicate potential money laundering activities, as well as the penalties that can be imposed for violating federal money laundering laws.

Training Topics

- Overview of Money Laundering - Awareness of AML Regulations - Definition of Money Laundering - How Money Laundering is Done - Overview of Federal Efforts - Federal Anti-Money Laundering Legislation - Enhanced Customer Identification - CDD Rule - Additional Reporting Requirements - Money Laundering Suspicious Activities - Overview of Penalties

This course is intended for producing agents and registered representatives, and is also suited for investment advisors, supervisors, or any financial service industry professional needing a basic understanding of industry rules regarding anti-money laundering, and how firms detect and prevent possible money laundering.

Training Topics

- Overview of Money Laundering - The stages of the money laundering process - Overview of Federal AML measures (BSA, USA PATRIOT Act) - FinCEN, OFAC and FATF - Agents' and brokers' responsibilities - Customer identity verification requirements - CDD Rule - Recognizing Money Laundering Red Flags - Overview of Recent Penalties for AML Violations - Case studies relating to a producer's role in detecting and preventing money laundering in daily operations

This course is designed for registered representatives of broker-dealers affiliated with banks, credit unions, or similar financial institutions. The course begins with a review of basic anti-money laundering concepts, and then shifts to the representative's role in preventing, detecting and reporting suspicious activities that may point to illegal money laundering.

Training Topics

- Money laundering overview - AML efforts - Role of banks and other financial institutions in AML efforts - CIP programs - Customer due diligence and risk assessment measures - CDD Rule - Money laundering red flags - Reporting suspicious activities - Willful blindness

This course is intended for retail representatives, investment advisors, supervisors, or any financial service industry professional interested in learning about industry rules regarding anti-money laundering rules and regulations. The objective of this course is to introduce broker-dealer employees to the federal laws and regulations that apply to money laundering, record keeping, and reporting. The course discusses some "red flags" that may indicate potential money laundering activities, as well as the penalties that can be imposed for violating federal money laundering laws.

Training Topics

- Overview of Money Laundering - Awareness of AML Regulations - Definition of Money Laundering - How Money Laundering is Done - Overview of Federal Efforts - Federal Anti-Money Laundering Legislation - Enhanced Customer Identification - CDD Rule - Additional Reporting Requirements - Money Laundering Suspicious Activities - Overview of Penalties

This course is designed for registered representatives of FINRA member broker-dealers. The course begins with an actual case involving a FINRA member firm that took place in 2016 and then moves into a review of basic anti-money laundering concepts. The course then shifts to the representative's role in preventing, detecting, and reporting suspicious activities that may point to illegal money laundering, providing examples from actual cases of what happens when a firm fails to carry out its AML obligations.

Training Topics

- Real world AML cases - Money laundering overview - CIP programs - CDD Rule - Customer due diligence and case study example of due diligence failure - Money laundering red flags and case study example of failure to detect, investigate, and report suspicious activities

This course is intended for retail representatives, investment advisors, supervisors or any financial service industry professional interested in learning about industry rules regarding anti-money laundering rules and regulations. This course will examine anti-money laundering regulation in the broker-dealer industry, specifically focusing on the USA PATRIOT Act of 2001 and FINRA Rule 3011. Please note: This course includes audio on each page.

Training Topics

- What is Money Laundering? - The Scope of the Problem - The Process of Money Laundering - Money-Laundering Techniques - Impact - Documentary/Non-Documentary - Potential Indicators of Suspicious Activity - Filing Requirements - Know Your Customer - CDD Rule - Criminal and Civil Penalties - CEO and CFO Responsibilities under SOX

This course is intended for home office personnel, retail representatives, investment advisors, supervisors, or any financial service industry professional interested in learning about industry rules regarding anti-money laundering rules and regulations. The objective of this course is to introduce home office employees to the federal laws and regulations that apply to money laundering, record keeping, and reporting.

Training Topics

- Overview of Money Laundering - Awareness of AML Regulations - Definition of Money Laundering - How Money Laundering is Done - Overview of Federal Efforts - Federal Anti-Money Laundering Legislation - Enhanced Customer Identification - CDD Rule - Additional Reporting Requirements - Money Laundering Suspicious Activities - Overview of Penalties

This course is intended for home office personnel, retail representatives, investment advisors, supervisors or any financial service industry professional interested in learning more about the industry rules and regulations regarding anti-money laundering. The objective of this course is to introduce home office employees to the federal laws and regulations that apply to money laundering, record keeping and reporting.

Training Topics

- Overview of Money Laundering - Awareness of AML Regulations - Definition of Money Laundering - How Money Laundering is Done - Overview of Federal Efforts - Federal Anti-Money Laundering Legislation - Enhanced Customer Identification - CDD Rule - Additional Reporting Requirements - Money Laundering Suspicious Activities - Overview of Penalties

This course covers proposed anti-money laundering rules for registered investment advisers. Included are highlights of the major features of the proposed rule and the implications the rule will have for investment advisers.

At present, there are no anti-money laundering (AML) rules in place in the United States for SEC registered investment advisors (RIAs) and their administrators. This does not mean that RIAs should ignore the program requirements outlined in the Proposed Rule and incorporate them into their compliance programs. This course will explore the Currency and Foreign Transactions Reporting Act of 1970 and the Bank Secrecy Act (BSA), and how the Department of the Treasury imposes reporting and other requirements on financial institutions and other businesses to help detect and prevent money laundering.

This course is intended for registered securities representatives and supervisors interested in learning how industry rules regarding anti-money laundering regulations. Every municipal securities dealer must establish and implement an anti-money laundering compliance program designed to achieve and monitor ongoing compliance with the requirements of the Bank Secrecy Act, 31 U.S.C. 5311, et seq. (BSA).

Training Topics

- Overview of Money Laundering - Awareness of AML Regulations - Definition of Money Laundering - How Money Laundering is Done - Overview of Federal Efforts - Impact on Your Broker Dealers and Clients - Enhanced Customer Identification - CDD Rule - Additional Reporting Requirements - Money Laundering Suspicious Activities - Overview of Penalties

The objective of this course is to make you aware of the anti-money laundering rules and regulations so that you are able to recognize those warning signs and take the correct steps for addressing the questionable issues. After completing this course, you will be able to identify the stages of the money laundering process, understand the development of AML regulations in the U.S., describe Customer Identification Program requirements, and recognize suspicious activities and red flags that could indicate money laundering activity.

Training Topics

- Money Laundering Processes - AML Regulations - Customer Identification Programs - CDD Rule - Enhanced Due Diligence - Activity Monitoring and Red Flags - Suspicious Activity Reporting - Consequences of AML Violations

An overview of money laundering, firms' obligations in creating an AML program, red flags of suspicious activity, and the supervisor's role in detecting, preventing and reporting suspicious activity. Real-word examples of AML compliance failures will be presented.

Training Topics

- Review of money laundering basics and AML laws in the US - Adopting an anti-money laundering program - Customer identification procedures - CDD Rule - Red flags of suspicious activity - After the Red flag - Monitoring, Investigating and Reporting Suspicious Activities - Case Study - repeated failures of an AML compliance program

This course provides an overview of AML concepts tailored for wholesalers. The focus of this course is on the need for wholesalers to have a better understanding of what money laundering is, how it works and the risks, red flags and reporting requirements they should be aware of in their role as a producer.

Training Topics

- Definition and examples of money laundering - International scope and response - FATF - US laws, regulations, and agencies - FinCEN, OFAC and BSA - Customer identity verification requirements - CDD Rule - Identifying red flags - Wholesalers' responsibilities

This course is intended for retail representatives, investment advisors, supervisors, or any financial service industry professional interested in learning how industry rules regarding anti-money laundering rules and regulations. The course discusses "red flags" that may indicate potential money laundering activities, as well as the penalties that can be imposed for violating federal money laundering laws. Please note: This course includes audio on each page.

Training Topics

- Overview of Money Laundering - How Money Laundering is Done - What is Terrorist Financing? - Curbing Money Laundering - Federal Legislation - USA PATRIOT Act - Impact on Your Company and Clients - Enhanced Customer Identification - CDD Rule - Office of Foreign Asset Control - Suspicious Activity Indicators to Consider - Criminal & Civil Sanctions

Anti-money laundering (AML) is a phrase used to describe the body of regulations that financial institutions must adhere to in order to detect and report money laundering activities. Although many AML regulations do not directly apply to investment advisers who are not also registered as a covered financial institution (broker-dealer, bank, credit union, etc.), many IARs find themselves at the front lines of AML responsibilities because of the relationships they have with their custodians; who are often required to comply with the entire body of AML regulations. This course will cover AML regulations and Red Flags that Investment Advisers should be aware of within their practice. You may not realize it, but you, as an investment adviser, are your custodian's eyes and ears on the ground in combating the nearly 1.5 trillion dollars that is estimated to be laundered annually.

Training Topics

- Overview of Money Laundering - Federal Legislation - USA Patriot Act - Red Flag Requirements - What is Money Laundering? - What's at Stake? - Know Your Customer Guidelines - CDD Rule - New Account Requirements - Using the Office of Foreign Assets Control - Suspicious Behavior Checklist - Currency Transaction Reports - Suspicious Activity Reports (SARs)

This course will review the customer due diligence (CDD) regulations that have been set by organizations developed to combat criminal use of financial systems around the world. Additionally, the course will focus on the most recent regulations adopted by the U.S. Treasury. Please note: This course includes audio on each page.

Training Topics

- AML organizations - Recommendations and regulations for UBOs - FinCEN Final Rule 2016 - Covered Financial Institutions - Ownership and Control - Customer Due Diligence - Risk-Based Requirements - Complex structures - Offshore challenges

This course covers the topic of Anti-Money Laundering as it applies to the various regulations implemented to prevent, detect and punish the act. Regulations covered are the Bank Secrecy Act, USA PATRIOT Act, and FINRA Rule 3310.

This course covers requirements for a firm's Customer Identification Program, with emphasis on real-world context for application of a CIP. The course also discusses red flags that every representative should be aware of in their day-to-day dealings with customers and prospective customers, and with accounts. The course concludes with case studies to illustrate the concepts covered in the text.

Training Topics

- Money laundering overview - BSA and AML programs - Overview of CIP programs and their required elements - CDD Rule - Red flags of possible money laundering - Case studies

This course provides a brief review of the basics of illegal money laundering and the legislative measures adopted to combat money laundering in the US. The course covers requirements for a firm's AML and CIP programs with emphasis on real-world context. The course also discusses red flags that every representative should be aware of in their day-to-day dealings with customers and prospective customers, and with accounts. The course concludes with examples of enforcement cases that reinforce the concepts covered in the text.

Training Topics

- Money laundering overview - Overview of BSA and AML programs - Overview of CIP programs - CDD Rule - Red flags of possible money laundering - Enforcement cases

This course provides a brief refresher overview of AML programs before focusing on examples of real-world scenarios representatives may encounter in their interactions with customers and prospective customers. The course continues its emphasis on real life application by presenting summaries of actual recent enforcement cases.

Training Topics

- Money laundering overview - Overview of AML and CIP programs - Overview of CIP programs and their required elements - CDD Rule - Red flags of possible money laundering - Enforcement case studies

This course provides a brief refresher overview of AML programs before focusing on examples of real-world scenarios representatives may encounter in their interactions with customers and prospective customers. The course continues its emphasis on real life application by presenting summaries of actual recent enforcement cases.

Training Topics

- Money laundering overview - Overview of AML and CIP programs - Overview of CIP programs and their required elements - CDD Rule - Red flags of possible money laundering - Enforcement case studies

This course is intended to familiarize representatives with the process of money laundering and the laws that make it a crime. At the end of this course, you will have a better understanding of Customer Identification Programs, FINRA Rule 3310, OFAC Sanctions Programs, Foreign Shell Banks, Due-Diligence Programs and much more.

Training Topics

- AML Rules - CDD Rule - Technological Challenges - Practical Guide

This training has been developed to specifically cover sexual harassment in the workplace, no matter your role. It covers definitions of sexual harassment, what constitutes sexual harassment, training, the role of culture, and a high level overview of the #metoo movement. Please note: This course includes audio on each page.

This course will help broker-dealer supervisors understand how to oversee the use of AI in day-to-day operations. You'll learn where AI shows up (communications, surveillance, portfolio tools), how to apply existing requirements (e.g., supervision, communications, recordkeeping, privacy, antifraud, and best-interest standards) to AI-generated outputs, and what red flags to look for. Through brief scenarios and exercises, you'll practice the core actions supervisors should take. These include confirming firm-approved tools, spot-checking content, documenting reviews, and escalating issues so that AI supports, rather than undermines, compliant client service.

Training Topics

- Identifying AI Risks - AI Oversight - Supervisory Response

This course is intended for registered representatives and supervisors that maintain a solid understanding of mutual fund basics and/or are involved in managing mutual fund accounts. This course discusses different asset types, risk levels and how to determine the return on each asset. The course also touches on important factors to consider in an investment strategy, as well as practical examples of client portfolios, based on risk profiles, risk tolerance, financial goals, and horizons.

Training Topics

- Purpose of Asset Allocation - The Risk-Return Tradeoff - Factors to Consider When Reviewing a Portfolio - Types of Risk - Theories - Methods and Models - Types of Risk and Investors - Factors to Consider in an Investment Strategy - Client Portfolios: Practical Examples - Putting the Strategy into Practice

This course is intended for representatives, investment advisers, institutional representatives, traders and supervisors who have a well-rounded background in the issuance, distribution, and risk-analysis of conventional securities. Those taking this course should have an intermediate understanding of the securities markets and the wide variety of securities products being offered to investors. This course provides a detailed review of the first auction rate security for the tax-exempt market, which was introduced by Goldman Sachs in 1988. More specifically, the course provides background on auction rate securities, defines the various types of ARS orders, and uncovers the 2008 auction failures.

Training Topics

- Background and Definition - Types of ARS Orders - The SEC Cease-and-Desist Order of 2006 - Auction Failures - Centralized Access to Municipal Auction Rate Security Information - Apparent Benefits of Auction Rate Securities

Many individuals within organizations contribute to or perform functions that fall within the wide scope of back-office operations. Back-office operations professionals in a FINRA-registered broker-dealer play an integral role in today's heavily regulated financial services marketplace. Back-office teams support client onboarding, account opening, receipt and delivery of securities, movements, and transfers of funds, and all subsequent processing after the transaction is executed. This course will focus on back office processes and the qualifications of those charged with such functions.

Training Topics

- Back Office Operations - Brokerage Office Procedures

This course is intended for registered representatives, supervisors, compliance staff, senior management and firm principals that are interested in, or affected by, the rules imposed by the Bank Secrecy Act. This course provides a detailed review of the Bank Secrecy Act. It outlines the history of the Act and its purpose. It also describes the requirements from financial institutions and other businesses to maintain appropriate records and file reports. Common BSA violations are also discussed to help you to guard against them.

Training Topics

- Bank Secrecy Act (Currency and Foreign Transactions Reporting Act) - Money Laundering - OCC Initiatives - Non-Compliance Penalties - Internal BSA Compliance Programs - Independent Testing of Compliance - BSA Reporting and Recordkeeping Requirements - Suspicious Conduct and Actions - Activity Inconsistent with the Customer's Business - Avoiding Reporting or Recordkeeping Requirement - Insider Complicity

This course is intended for registered representatives and supervisors that work in the business of retirement planning. This course covers the 403(b) tax-deferred annuity tax advantages, eligible employers, alternative methods of calculating maximum contributions, and investments and special rules.

Training Topics

- 403(b) defined - Title 1 Plans - Non-Title 1 Plans - Excess Deferrals - Catch-up Contributions - Distribution Options and Tax Implications - Conditions for Implementing RMDs

This course is intended for registered representatives, supervisors and other financial service professionals interested in learning more about the bond markets in general. Individuals taking this course should already have a basic understanding of how bonds are issued, purchased, and sold. This course provides an introduction to corporate bonds, touching on topics from how they are priced, how they are traded, and how they can be used to finance specific needs.

Training Topics

- Bonds as IOUs - Making Money off of Bonds - The Bond Rating System - Yield to Maturity - Government Bonds - Municipal Bonds - Corporate Bonds - Zero-Coupon Bonds

This course is intended for registered representatives and their supervisors that primarily work with retail clients. In this course, representatives will learn about the concept of investing. An introduction to the concepts of compounding, portfolio diversification and the various types of investments available will all be reviewed.

Training Topics

- Importance of Planning Ahead - Compound Interest - Bonds - Stocks - Mutual Funds - Types of Portfolios and Diversification

This course is intended for registered representatives and their supervisors that primarily work with retail clients. This course covers the different types of stocks available and how they are traded. Additionally, the course discusses bull and bear markets and the impact they have on stock investing.

Training Topics

- Stock Ownership and Risk - Debt vs. Equity - Common Stock - Preferred Stock - Stock Basics - Stock Trades - Types of Stock Exchanges - Causes for Stock Price Changes - Bulls vs. Bears

This course is intended for registered representatives acting in an agent (broker) capacity, as well as individuals who work as dealers, such as market maker specialists and supervisors. Best execution is an obligation of any dealer working to execute transactions on behalf of their clients. Closely related to best execution in the debt markets are the mark-ups or mark-downs that dealers take in the course of performing a transaction. This course will explore both topics. Additionally, it will discuss the rules and regulations surrounding these rules as well as the processes by which best execution, prevailing market prices and appropriate debt mark-ups/mark-down are determined as well as illustrating how FINRA obligations for best execution are to be applied and demonstrated through regular and rigorous reviews of transactions against both FINRA rules and each member firms established policies and procedures. Please note: This course includes audio on each page.

Training Topics

- Rules and Regulations Governing Best Execution - Best Execution and Technology - TRACE Reporting System - FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) - Rules Governing Debt Mark-ups/Mark-downs - Contemporaneous Cost - Hierarchy Pricing Factors - Determining Prevailing Price - 5% Policy

In today's evolving work environment, remote work has become a standard practice for many professionals. While offering flexibility and convenience, remote work also introduces significant risks, especially regarding information security. This course is designed to equip financial services professionals with the knowledge and tools to protect sensitive data in various remote settings. It covers critical aspects of remote work security, including the establishment of secure home workspaces, the use of Virtual Private Networks (VPNs), and best practices for managing devices and data. Participants will learn to identify and mitigate cyber threats such as phishing and social engineering attacks, ensure compliance with regulatory requirements, and implement robust business continuity plans. Through real-world scenarios and actionable insights, learners will gain the skills to safeguard client data, maintain high security standards, and uphold regulatory compliance in a remote work environment. Whether you're working from home or in a public space, this course will help transform a remote workspace into a fortress of information security, ensuring the safety and integrity of your operations.

Training Topics

- remote work - risk - information security - home workspace - virtual private network - best practices - cyber threats - phishing - social engineering attacks - compliance

This course will provide advisers a better understanding of block trading and how it will, if it is used correctly, save questions when the auditors come knocking on your door, whether that be FINRA or the SEC. The course will start by defining what a block trade is, and will then discuss why these probes have been initiated by the SEC and the U.S. Justice Department. The course will then transition to how you and your firm can use block trading in your practice.

This course is intended for producers, supervisors, sales associates, compliance administrators, new account managers and any financial service professional that needs to abide by the various state compliance requirements. This course will provide an overview of the provisions and scope of the Blue Sky Laws, which state legislatures use to regulate security businesses operating within their states.

Training Topics

- Supervision of Blue Sky Laws - Actions Against Firms and Agents - Penalties: Civil and Criminal - State Registration Exemptions - Reg D Offerings - Prohibited Practices

FINRA, in conjunction with the SEC, has published guidance for books and records retention. This guidance is applicable to broker-dealers per Securities & Exchange Act (SEA) Rule 17a-4 and establishes standards for which records to keep, which formats are acceptable, and how long records should be kept. The SEC requires that broker-dealers create and maintain certain records so that, among other things, the SEC, self-regulatory organizations, and state securities regulators may conduct effective examinations of broker-dealers.

Training Topics

- Definitions - Examples of books and records to be retained - General Requirements - Books & Records Checklist - Frequently Asked Questions (FAQ) - Case studies

This course is for registered representatives, supervisors, compliance staff, senior management and firm principals that are required to comply with FINRA Rules regarding Books and Records. This course explains the provisions governing the record keeping and retention of customer accounts, written complaints and other similar correspondences. Participants will review registered persons' obligations to maintain records of actions undertaken in their capacity as representatives of the firm. Scenarios are additionally used to help illustrate and reinforce compliance with record keeping and retention requirements involving electronic media. Please note: This course includes audio on each page.

Training Topics

- SEC Record Retention Rules - SEC Rule 17a-3 - SEC 17a-4 - Rule 4510 - Client Privacy - FINRA Audit Requirements - Order Tickets - Record Retention and Privacy

This course is intended to reinforce the learning and develop a deeper understanding of the topics involved in books and records, focusing primarily on customer account applications, approval and maintenance of customer account records, and order ticket documentation. This course is intended for managers, supervisors, compliance staff, and those financial professionals that desire a deeper understanding of security industry books and records rules. The topics covered will be relevant to FINRA member broker-dealers, SEC-registered investment advisors, and dual registrants or affiliated firms in both categories. In this course case studies based on actual enforcement actions where the failure to create and preserve relevant books and records was a material factor. This course will cover in greater detail the overlap of certain regulatory regimes with B/Ds and RIAs such as obligations under BSA/AML and FINCEN Beneficial Ownership Rules; issues related to the use of personal email/messaging/social media accounts and failures to properly archive those communications; the impact upon books and records caused by the implementation of Regulation BI and the SEC Staff Bulletin from April 2018 on Standards of Conduct will be considered (especially documenting the rationale for recommendations and/or strategies); and certain technical aspects of records retention including recently adopted rule amendments, along with various best practices recommendations. Please note: This course includes audio on each page.

If an investor's primary goals include principal preservation and income, Certificates of Deposit (CDs) can serve as a sound portfolio foundation. They offer reliable income and, when issued by a bank or an insured credit union, a federally insured return of capital. This course provides an overview of investing in brokered certificates of deposit, including the associated risks, benefits and investing guidelines.

Training Topics

- Introduction to Brokered CDs - Types of Brokered CDs - Purchasing Brokered CDs - Holding Brokered CDs - Selling Brokered CDs in the Secondary Market

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors, or any financial service professional interested in learning more about business continuity planning. The course provides participants with an introduction to the five main phases involved in developing a BCP manual, as well as important factors to consider when investing time and resources into BCP preparations. Business continuity or business resumption planning is necessary to prepare an organization to recover after some interruption of its business operations. This is especially true in the financial services industry, where companies cannot afford to lose working days that would equal millions of dollars in lost trades and investments.

In today's business environment it is more important than ever for any business to implement a plan that ensures their business can continue to deliver products and services to clients or customers after a catastrophic event. This course will focus on the importance of a Business Continuity Plan, how businesses can best prepare for events , recovery strategies, and how it relates to financial professionals.

This course covers the history of business development company regulation, including specific statutes and rules. Also covered are the specific investment guidelines that business development companies must follow. Also covered in the course are two case studies regarding business Development companies. The course assumes that the reader has at least a basic understanding of investments, finance and regulatory concepts.

Training Topics

- Business Development Company regulation - Business development company registration - Permissible investments by business development companies - Two case studies - Suitability considerations

This course provides an overview of FINRA's rules for giving gifts in a business setting, tailored for wholesalers. It focuses on the necessity for wholesalers to be familiar with and to follow the rules and policies of their particular firm in addition to FINRA Rule 3220.

A buy-sell agreement is a legal contract that details the terms and conditions of the transfer of ownership of a company in the event of the death, incapacity, or other departure of a current owner. Because they address the critical issue of company ownership, buy-sell agreements can be quite complex, addressing each party's responsibilities, rights, financial obligations and tax consequences, they are typically prepared with the assistance of qualified attorneys and CPAs. The goal of a buy-sell agreement is to be prepared in advance to handle such transitions in a predetermined way and avoid costly and time-consuming battles over a business's future; a poorly drafted buy-sell arrangement or one that is underfunded can work counter to this objective, so it is best to invest the time and expense up front to develop a well thought-out contract.

Training Topics

- What is a buy/sell agreement? - Why would a business owner want a buy/sell agreement? - Types of buy-sell agreements - Funding the buy-sell agreement - Business valuation - Drafting a buy-sell agreement to establish taxable value

This course equips California employees with the knowledge to recognize, prevent, and respond to sexual harassment as well as other forms of workplace harassment, discrimination, and retaliation. You'll learn how to identify inappropriate conduct, support colleagues, and use internal and external reporting channels with confidence. Through interactive scenarios and practical examples, the course emphasizes the daily role employees play in building a culture of respect, inclusion, and professionalism, ensuring a safe and productive workplace for all.

Training Topics

- sexual harassment - workplace conduct - professionalism

This course equips California supervisors with the knowledge to recognize, prevent, and respond to sexual harassment as well as other forms of workplace harassment, discrimination, and retaliation. You'll learn how to take immediate and appropriate corrective action, handle complaints effectively, and prevent retaliation. Through interactive scenarios and practical examples, the course highlights the critical role supervisors play in modeling respect, enforcing policies, and fostering a culture of inclusion and accountability that ensures a safe, productive workplace for all.

Training Topics

- sexual harassment - workplace conduct - professionalism

This course is designed to provide a high-level understanding of the California Consumer Privacy Act (CCPA) of 2018 and its implications for impacted consumers and businesses. By the end of this course, you should have a broad understanding of the key elements of the law, the new consumer rights it grants, the requirements for businesses, and the potential enforcement and civil liabilities businesses face for non-compliance.

Recognizing Money Laundering and Terrorism Financing red flags in your business is crucial to maintaining the integrity of financial services providers, Canadian trade partners, and the tax base we use to benefit society. The role of financial services providers in the anti-terrorist and money laundering regime is to make it harder for bad actors to integrate ill-gotten funds into legitimate financial systems and to provide data and red flag reporting to FINTRAC. In this course, we'll focus on the 2018 updates to the Canadian Money Laundering and Terrorist Financing Regime, trade based money laundering, service based money laundering, and beneficial ownership with real life case studies to help you connect the dots between seemingly "dark" money and the accounts and activity that may come across your desk.

In any regulatory or economic environment, CCOs have a difficult job. New CCOs may feel overwhelmed by the complexity of their position, especially when clients and employees are being pulled in many directions as they face the new normal. This course is designed to help you deal with the challenges you face as CCO and the responsibilities that go hand-in-hand with the position. Along with giving an overview of the wide range of responsibilities of CCOs, we will touch on the applicable compliance rules and regulations.

This course provides information for registered principals and registered representatives regarding four new FINRA rules related to supervision and supervisory procedures. Please note: This course includes audio on each page.

Training Topics

- FINRA Rule 3110 (Supervision) - FINRA Rule 3120 (Supervisory Control System) - FINRA Rule 3150 (Holding of Customer Mail) - FINRA Rule 3170 (Tape Recording of Registered Representatives by Certain Firms)

Following a multi-year effort by the Financial Industry Regulatory Authority (FINRA) to streamline and organize its Communication Rules and incorporate portions of the interpretive information from former NASD Rules, the U.S. Securities and Exchange Commission (SEC) has approved a substantial reworking of the current rules governing communications with the public. This course provides registered representatives with an understanding of the recently-approved changes to the rules relating to public communications by a firm's associated persons. Please note: This course includes audio on each page.

Training Topics

- The restructuring of the communication categories - Changes to the pre-use approval and filing requirements - Changes to the content standards - Changes to the definition of correspondence - Applying the recordkeeping rules

Bystander intervention involves safe and positive actions that may be carried out by a person, or a group of people to prevent harm or intervene where there is a risk or perceived risk of sexual harassment to another. Through this training, you will learn more about what is a bystander and how to act in tough situations.

Please note: The content of this course was developed by The Chicago Commission on Human Relations (CCHR).

Training Topics

- Sexual Harassment - Bystander Intervention - Quid Pro Quo - Hostile Work Environment - 4Ds (Direct, Distract, Delegate, Delay) - Safety Assessment - Work Performance

Under the Chicago Human Rights Ordinance, Sexual harassment means any unwelcome sexual advances or unwelcome conduct of a sexual nature; or requests for sexual favours, or any conduct of a sexual nature". In this training, you will learn what is sexual harassment and how to prevent and confront this situation. You will also access a summary of Federal, State, and local laws concerning sexual harassment including remedies available to victims and a summary of employer responsibilities in the prevention, investigation, and corrective measures of sexual harassment.

Please note: Chapter 1 of this course was developed by The Chicago Commission on Human Relations (CCHR).

Training Topics

- Sexual Harassment Prevention - Conduct - Laws and Regulation - Employer Responsibility

Under the Chicago Human Rights Ordinance, Sexual harassment means any unwelcome sexual advances or unwelcome conduct of a sexual nature; or requests for sexual favours, or any conduct of a sexual nature". In this training, you will learn what is sexual harassment and how to prevent and confront this situation. You will also access a summary of Federal, State, and local laws concerning sexual harassment including remedies available to victims and a summary of employer responsibilities in the prevention, investigation, and corrective measures of sexual harassment.

Please note: The content of this course was developed by The Chicago Commission on Human Relations (CCHR).

Training Topics

- Sexual Harassment Prevention - Conduct - Laws and Regulation - Employer Responsibility

This course is intended for retail representatives, institutional representatives, investment advisors, supervisors or any financial service industry professional that makes investment product recommendations to clients. Various investments have different characteristics. Some provide a steady current income, while others give their total return in capital appreciation. Some are very unlikely to decline in value, while others may be more risky. This course discusses how to determine the suitability of the various investments to different clients and examines the risk characteristics associated with an investment company portfolio. Please note: This course includes audio on each page.

Training Topics

- Current Income and Preservation of Capital - Current Income and Growth of Capital - Financial Status of Client - Risk Tolerance of Client - Risk Characteristics

When a client wishes to open any account with a brokerage firm, the investment adviser must fill in the account form with the clients personal information, including his or her income levels, investment objectives, and financial goals. The investment adviser uses this information to help the client evaluate the appropriate investments to fit his or her needs. This course discusses how to determine the suitability of the various investments to different clients and examines the risk characteristics associated with an investment company portfolio. Please note: This course includes audio on each page.

Training Topics

- Objectives - Current Income - Growth of Investment Capital - Income & Expenses - Net Worth - Insurance Needs - Tax Status - Risk

This course is intended for broker-dealers, registered investment adviser firms, and all current or prospective Investment Advisers. The topic of the course, suitability, explores what that term means when recommending or initiating the purchase of a security for a client. FINRA and SEC regulations around suitability are covered. An important topic included in this course centers around customer investment portfolios. You'll learn about the predominant use of model portfolios as well as some proprietary versions. Additionally, the hot technology topic of artificial intelligence is discussed as it relates to the course topic and investments.

Training Topics

- client suitability - investment advisers - FINRA - SEC - regulations - security

This course provides an overview of how closed-end funds are structured, launched, discounted, traded, managed and leveraged, including descriptions of the range of available strategies and objectives, distribution plans, applicable fees and investment benefits and risks.

Training Topics

- What is a closed-end fund? - How are closed-end funds different from open-end funds? - What are the types of closed-end funds? - How are closed-end funds structured and managed? - Do closed-end funds use leverage? - How is a closed-end fund launched and traded? - How do closed-end funds handle distributions and capital gains? - What are the benefits and risks of investing in a closed-end fund? - Who are closed-end funds suitable for? - What fees are assessed for closed-end funds?

his course is intended for retail representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional. All professions have a code of conduct to which its members must adhere. This course stresses the importance of holding each representative of the company accountable for maintaining a standard that all must comply with. Please note: This course includes audio on each page.

Training Topics

- How to work with Prospects and Clients - How to work with other representatives - How to work with your firm and its employees

This course is intended for representatives, investment advisers, institutional representatives, traders and supervisors who have a well-rounded background in the issuance, distribution, and risk-analysis of conventional securities. Those taking this course should have an intermediate understanding of the securities markets and the wide variety of securities products being offered to investors. This course provides an introduction to collateralized mortgage obligations (CMOs) and examines the basics of this form of securities, as well as the ways in which the risks associated with them can be mitigated or controlled. This course begins with an examination of mortgage backed securities, including "Fannie Maes," "Ginnie Maes," "Freddie Macs," and "Non-Agency" CMO's. Because there is a wide range of CMOs designed to meet the needs of a wide range of investors, and they are not a one-size-fits-all investment, it's vital to understand the basics of the CMO product and its many variations in the market today.

Training Topics

- Mortgage Financing - MBS Issuers - Risks - Tranche Structuring - Non-Agency CMO's

This course is intended for representatives, investment advisors, institutional representatives, traders, and supervisors who have a well-rounded background in the issuance, distribution, and risks of conventional securities. Common stock investing has become more popular as more investors have become knowledgeable in the way that stocks trade and can be used to generate a profit. Common stock investing has become more accessible to small investors through the advent of online trading accounts and through multi-faceted broker/dealers that offer various trading options. This course will provide students with a good understanding of common stock investing highlighting the advantages and disadvantages to be aware of.

Training Topics

- Rights of Common Stockholders - Dividends - Dividend Yield - Dilution of Common Stock and Preemptive Rights - Stock Splits, Dividends, and Reverse Splits - Risks of Owning Common Stock - Preferred Stock - Non-Voting - Types of Preferred Stock - Cumulative vs. Non-Cumulative - Convertible vs. Non-Convertible - Participating vs. Non-Participating

This course delves into the complex world of off-channel communications, providing financial professionals with the knowledge and tools needed to navigate this challenging area. Participants will explore the definition, risks, and best practices for managing off-channel communications, including the use of personal devices and unmonitored applications. Through a series of interactive modules, learners will gain a deep understanding of the regulatory framework governing these communications, with insights into recent enforcement actions by bodies such as FINRA and the SEC. The course covers crucial aspects such as the development of robust monitoring systems, the importance of record retention, and strategies to prevent and address compliance violations. Highlighted with real-world scenarios and knowledge checks, participants will engage in practical exercises to apply their learning, preparing them to effectively advocate for compliance within their firms. Please note: This course includes audio on each page.

Training Topics

Off-channel communications, Financial professionals, Best practices, Rules and Regulations, FINRA, SEC, Compliance, Violations

This course is a review of the 2200-series of rules for Communications with the Public. The core rule for these communications, FINRA Rule 2210, is covered, along with subsequent rules 2212, 2213, 2214, 2215, 2216 and a few nonconsecutive rules to ensure a complete study of FINRA's requirements for properly communicating with retail and institutional investors.

Training Topics

- Rule 2210 - Rule 2212 - Rule 2213 - Rule 2214 - Rule 2215 - Rule 2216 - Rule 3110.09 - Rule 4511

As a registered representative who markets or sells financial products to other broker-dealers, you probably do not communicate directly with the public. Even so, it is still important to understand FINRA's rules surrounding communications with the public, as the communications you create may end up in the hands of a retail customer. This course discusses FINRA's three communication categories, which include retail communications, institutional communications and correspondence. Please note: This course includes audio on each page.

Training Topics

- Communication Categories - Content - Approval - Recordkeeping - Filing - Social Media - Best Practices

This course provides information for representatives and supervisors regarding the use of complex/alternative investment strategies.

Training Topics

- Types of alternative strategies, and how they employ derivatives and other alternatives achieve strategic investment objectives such as hedging risk, mitigating volatility, or magnifying gains to achieve better performance in a variety of market conditions. - Modern Portfolio Theory (MPT) statistics (alpha, beta, Shape ratio, R-squared, standard deviation) and the use of alternatives within an MPT framework. - Costs, risks and benefits of alternative strategies

This course was developed to address concerns of the Financial Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) regarding complex products and heightened supervision. Complex products sold to retail customers are all the rage, but the result for regulators is heightened supervision of the firms, registered representatives, and the status of the products' performances.

Training Topics

This course addresses the financially complex products that require the utmost attention of the financial industry's regulators in an effort to protect investors and the integrity of the markets.

This course reviews several current supervisory topics impacting broker-dealers. Participants will explore emerging issues involving artificial intelligence in client interactions, digital communications and off-channel messaging, cybersecurity and fraud risks, anti-money laundering red flags, and outside business activities and private securities transactions. Through examples and practical scenarios, the course highlights how supervisors and principals may encounter these issues during routine supervision and how they can respond in accordance with firm policies and regulatory expectations.

Training Topics

- Artificial Intelligence - Digital Communications - Cybersecurity Risks - Outside Activities

This course is designed to educate registered representatives who work with institutional investors about important compliance requirements and concerns. The course is divided into four sections that cover topics related to four key areas: Communication with Clients, Private Securities Transaction (Selling Away), Outside Business Activities (OBA), and Institutional Suitability. The course uses situational scenarios as well as actual FINRA and SEC disciplinary actions to illustrate behaviors that may lead to violations of regulations and your firm policies and procedures.

Training Topics

Compliance, Institutional Representatives, Client Communications, Private Securities Transactions, Suitability

This course will cover fixed-income investing from multiple angles. Prior to this century, fixed-income investing was uncharted territory for many retail investors because real-time pricing information was not available. Focus shifted in the early 2000s when regulators put an emphasis on the need for price fairness for retail investors. We will discuss the introduction of electronic platforms from FINRA and the MSRB, which required that broker-dealers report transactions in close to real-time, among other changes brought about including increased customer disclosures, application of best execution requirements, and more price transparency in general for the average investors.

FINRA and the SEC have both made senior investor abuse a top examination priority. This course discusses the unique needs of senior investors, steps advisors should take when working with this growing demographic, and the serious implications of FINRA and the SEC's recent influx of disciplinary actions and investor alerts. Please note: This course includes audio on each page.

Training Topics

- Needs of Senior Investors - Senior Safe Act - Working with Senior Investors - Disciplinary Actions - Investor Alerts

What happens when disaster impacts every single broker-dealer and regulator at the same time? How can we respond, pivot, and ensure business goes on? This course covers the Business Continuity Plan requirements for U.S.-based broker-dealers and the regulatory response from FINRA to the COVID-19 crisis in 2020.

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors, or any financial service industry professional. A registered representative wants clients to trust his or her recommendations. Past studies show that trust is the number one reason cited by investors for choosing their financial adviser. In this course, potential conflicts of interest will be discussed, how they can be avoided and the importance and benefits of navigating through these challenges. Please note: This course includes audio on each page.

Training Topics

- Overview of Conflicts of Interest in the Securities Industry - Fiduciary Duties - Applicable FINRA Rules - Common Conflicts of Interest - Churning - Insider Trading - Anti-fraud Provisions - Minimizing Risk

This course discusses the most likely ways that conflicts arise for investment advisers and how to effectively manage and disclose them. Additionally, the course focuses on adhering to your firm's Code of Ethics and identifying any conflicts of interest pursuant to Rule 206(4)-7.

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional. A registered representative wants clients to trust his or her recommendations. Past studies show that trust is the number one reason cited by investors for choosing their financial adviser. In this course, potential conflicts of interest will be discussed, as well as the importance and benefits of navigating through these challenges.

Training Topics

- Fiduciary Duties - Applicable FINRA Rules - Common Sources for Conflict - Churning - Insider Trading - Anti-fraud Provisions - Minimizing Risk

This course will cover how 1031 exchanges can be used as a tool by real estate investors to delay paying taxes. This will include topics such as qualified intermediaries, depreciation, like-kind exchanges, tenancy-in-common property exchanges, 721 exchanges, and more. The course will also focus on conservation easements, which is a way to create tax deductions on real estate that's currently owned. We will discuss qualified conservation contribution, drafting considerations, federal income tax deductions, and securitized transactions, among other things.

This course is intended for retail representatives, institutional representatives, investment advisors, supervisors, or any financial service industry professional. The course visits the history of regulatory agency audit systems used to monitor the integrity and industry compliance of securities transactions. You'll discover the impetus, details, and evolution of audit processes through the lenses of regulatory bodies, the SEC and FINRA. Historical and recent activity around the primary subject of this course, the Consolidated Audit Trail (known as CAT) are detailed. Additionally, related securities violations and criminal activity are included, particularly a case that inspired the development of CAT. Upon completing this course, one should also gain a more acute appreciation of the people who work in and oversee the securities industry. Their dedication and diligence to protect and serve investors is truly exemplary.

This course gives registered representatives a practical overview of how their daily activities impact their firm's compliance with the Consolidated Audit Trail (CAT). You will learn how the CAT system works, why it was created, and how regulators use it to track trading activity across U.S. equity and options markets. The course focuses on how order handling, timing, and documentation at the rep level contribute to accurate reporting. Through interactive scenarios and real-world examples, you will explore common errors, regulatory expectations, and best practices to help reduce compliance risk and support your firm's reporting obligations.

Training Topics

- Overview of the Consolidated Audit Trail (CAT) - Order Handling and Documentation Standards - CAIS Data Integrity - Regulatory Findings.

This course is intended for registered representatives, supervisors, market makers, traders, financial professionals and anyone working with, or interested in the sale of, convertible securities. A convertible security is characteristically a bond or a preferred stock that can be converted into a different security and typically shares in the company's common stock. In most cases, the holder of the convertible determines whether and when a conversion occurs. In other cases, the company may retain the right to determine when the conversion occurs. This course will introduce representatives to the concept of investments in convertible securities, covering step-up income, trading at parity, conversion price vs. call price, and the differences between convertible securities, bond and stock investments.

This course provides an overview of corporate and government bonds, including those issued by government agencies, GSEs, and the US Treasury. The course discusses the risks of bond investing, and compliance considerations including those centering on suitability, know-your-customer, communications with the public, and best execution obligations.

Training Topics

- Overview of corporate and government bonds - Key concepts and terminology - Bond pricing and effects of yields, maturities, and interest rates - Risks of bond investing - Just and equitable principles of trade - Communications with the public - Know your customer - Suitability - Best execution - TRACE reporting

This course is intended for registered, supervisors and other employees of broker/dealers. The individual who will gain the most from this course should have a basic understanding of how bonds are issued, purchased, and sold. Companies seeking to raise capital have the choice of using equity or debt instruments to do so. One of the most common debt instruments used to raise or borrow capital is bonds. This course provides an in-depth overview of corporate bonds, touching on topics from how they are priced, how they trade, and how they can be used to finance specific needs.

Training Topics

- Characteristics of Corporate Bonds - Registered Form and Book Entry Form - Principal Only Registration - Trust Indenture - Bond Indenture - Convertible Bonds - Pit (or Tender) Option Bonds - Serial Bonds - Series Bonds - Term Bonds - Bond Redemption - Secondary Market - Corporate Bonds - Equipment Trust Certificates - Zero Coupon Bonds

This course will discuss the progression of regulators' focus on corporate culture and expectations for creating and maintaining a culture that promotes compliance with securities regulations and company policies.

Training Topics

- Prioritization of Culture by Regulators - Culture, Conflicts of Interest and Ethics - Supervision, Risk Management and Controls - Guidance from Banking Regulators - Enforcement Actions for Cultural Failures

This course discusses regulators' expectations for creating and maintaining a culture that promotes compliance with securities regulations and company policies. Furthermore, the course provides best practices for managing these unique challenges and supervising those dealing directly with the public, all while maintaining a culture of compliance.

Training Topics

- Prioritization of Culture by Regulators - Culture, Conflicts of Interest and Ethics - Supervision, Risk Management and Controls - Guidance from Banking Regulators - Enforcement Actions for Cultural Failures

This course explores how corporate culture influences ethical conduct, compliance, and client trust across the financial industry. Designed for registered representatives, it examines how FINRA Rule 2010 and Regulation Best Interest (Reg BI) establish the foundation for ethical decision-making in daily practice. Learners will identify how individual behavior, through communication, documentation, and escalation, reflects firm values and regulatory expectations. The course also addresses conflicts of interest, including emerging challenges tied to artificial intelligence (AI), and provides practical scenarios to strengthen integrity and judgment. By the end of the course, registered representatives will see how open communication, accountability, and professionalism build a culture where integrity guides decisions and compliance becomes part of everyday business.

Training Topics

- Corporate culture - Ethical decision-making - Accountability - Conflicts of interest - Transparency - Speaking up.

This course describes the methods, goals and regulations for raising capital via the internet by small investments from a large number of donors/investors.

This course introduces registered representatives to the evolving landscape of crypto assets, blockchain technology, and the regulatory considerations that influence client conversations. Learners will examine how different types of crypto assets function, how blockchain systems process transactions, and how U.S. regulators currently approach digital-asset oversight. The course also highlights common fraud schemes and red flags clients may encounter, reinforcing the role of firm policies and key FINRA rules in guiding a rep's response.

Training Topics

- Crypto Basics - Blockchain Operations - Regulatory Landscape - Fraud Risks

Along with enormous potential and extraordinary market volatility, cryptocurrency comes with the threat of abuses and criminal activity. This course will discuss the development of this new technology, its explosive growth and subsequent setbacks, the nascent development of regulations to provide investor protections and some of the criminal cases that highlight cryptocurrency's vulnerability.

Training Topics

- Blockchain accounting - Mining cryptocoins - Wallets and exchanges - Investment risks - Market volatility - Regulatory advancements - Criminal activity and enforcement actions

This course is primarily designed for registered representatives of FINRA regulated broker-dealer firms. It may also be appropriate for registered principals and compliance staff at a broker-dealer, as well as registered persons of Registered Investment Advisors and their supervisory staff. The course begins with an overview of the many regulatory requirements surrounding customer complaints. It then looks at Dispute Resolution in the securities industry, in particular the systems of arbitration and mediation that are sponsored by FINRA.

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional interested in learning how industry rules apply to the use and supervision of customer data. Under SEC Rule 30 of Regulation S-P, member firms and other financial institutions, are required to adopt written policies and procedures that address safeguards for the protection and disposal of customer records and information. As a registered representative, you need to know and follow your firm's policies and procedures for customer data protection. Failing to protect nonpublic personal information (NPI) subjects customers to identify theft. This course discusses ways in which client data can be compromised should you fail to recognize and implement security measures in your practice. Making certain to implement firm requirements with an ability to recognize and avert potential vulnerabilities will help ensure proprietary and customer data is not compromised. Please note: This course includes audio on each page.

Training Topics

- Identity Theft - Federal Customer Data Safety Requirements and their Sources - FACTA Red Flags Rule - Privacy and Protection - Exploitation of Data, Systems, Firms, and Customers - Cyber Criminals vs Traditional Criminals - Technology and Software/Hardware Breaches - Examples of System Failures

This course is intended for municipal representatives, supervisors, investment advisers or any financial service industry professional interested in learning how industry rules apply to the use and supervision of customer data. As a municipal representative, you need to know and follow your firm's policies and procedures for customer data protection. Failing to protect non-public customer information can make your customer vulnerable to identify theft. This is a serious issue for many businesses within, as well as outside of, the securities industry.

Training Topics

- SEC Rule 30 of Regulation S-P - Data Vulnerability - Municipal Representative Responsibilities - Examples of Customer Data Protection for the Municipal Securities Representative - Conclusion

Money Laundering and Terrorist Financing investigations are never simple. The web of relationships, accounts, and entities is typically complex and deep with true ownership of the underlying assets hidden beneath shell entities. The regulatory environment is often reactive, relying on past examples to create framework for the future. The United States regulatory environment is not immune to this mode of operation. The Financial Crimes Enforcement Network (FinCEN) has updated the requirements for customer due diligence in an attempt to be more proactive in requiring the financial system's participants to take steps in identifying high risk clients based on ownership structure. This course examines the 2018 Financial Crimes Enforcement Network's (FinCEN) Customer Due Diligence Rule through case studies and real life examples of how broker-dealers and financial institutions are examining client relationships through this new lens.

Training Topics

- What is FinCEN? - Four Pillars of Anti-Money Laundering - The 5th Pillar - The CDD Rule - Important Definitions - Four Core Principles of CDD - Nonprofits and Charities - Practical Application of the Rule - Recent Enforcement Actions

This course will examine various targets and types of cyber-attacks, their threat to the financial industry, disclosure requirements for FINRA registered firms, regulatory measures to prevent cybercrimes and practical steps toward cybersecurity. We will also discuss recent FINRA guidance, including the presence of cybersecurity in the Regulatory and Examinations Priorities Letter, the Report on Cybersecurity Practices, and Investor Alerts warning investors about cyber threats. Practical advice for representatives on steps to reduce risk will be discussed, as well as the consequences to firms for failing to protect against cybersecurity threats. Please note: This course includes audio on each page.

Training Topics

- Unauthorized access - Operational disruption - Disclosure of risk factors and cyber-attack events - Regulatory guidance and rulemaking - FINRA Regulatory and Examinations Priorities Letter - FINRA Report on Cybersecurity Practices - FINRA Investor Alerts - Steps toward cybersecurity

This course will examine various targets and types of cyber-attacks, their threat to the financial industry, disclosure requirements for FINRA registered firms, regulatory measures to prevent cybercrimes and practical steps toward cybersecurity. We will also discuss recent FINRA guidance, including the presence of cybersecurity in the Regulatory and Examinations Priorities Letter, the Report on Cybersecurity Practices, and Investor Alerts warning investors about cyber threats. Practical advice for representatives on steps to reduce risk will be discussed, as well as the consequences to firms for failing to protect against cybersecurity threats. Please note: This course includes audio on each page.

Training Topics

- Unauthorized access - Operational disruption -Disclosure of risk factors and cyber-attack events - Regulatory guidance and rulemaking - FINRA Regulatory and Examinations Priorities Letter - FINRA Report on Cybersecurity Practices - FINRA Investor Alerts - Steps toward cybersecurity

Cyber threats strike the financial sector every day, and being able to spot and stop them is now part of every registered representative and broker-dealer's role. This course covers the most common cyber threats, including ransomware, phishing, account takeovers, and AI-enabled fraud. It provides clear, practical strategies to help you avoid these attacks in your daily work. You'll learn how to identify red flags, respond to suspicious activity, and understand the potential impact these threats can have on client data and firm operations.

This course is designed to provide investment advisers with a comprehensive understanding of cybersecurity threats, best practices for safeguarding client data, and compliance requirements within the financial services industry. Through this course, participants will gain insights into the latest cybersecurity trends, regulatory expectations, and real-world scenarios to enhance their ability to protect sensitive information effectively. This course includes audio.
NOTE: This course contains IA-related material.

This course examines the various targets and types of cyber attacks, their threat to the financial industry, disclosure requirements for FINRA registered firms, regulatory measures to prevent cyber crimes and practical steps toward cybersecurity. Please note: This course includes audio on each page.

Training Topics

- Unauthorized access - Operational disruption - Disclosure of risk factors and cyber attack events - Regulatory guidance and rulemaking - Steps toward cybersecurity

This course examines the various targets and types of cyber attacks, their threat to the financial industry, disclosure requirements for FINRA registered firms, regulatory measures to prevent cyber crimes and practical steps toward cybersecurity.

Training Topics

- Unauthorized access - Operational disruption - Disclosure of risk factors and cyber attack events - Regulatory guidance and rulemaking - Steps toward cybersecurity

This course is focused on two related cybersecurity topics facing FINRA member firms: Regulatory guidance deriving from the exam and risk monitoring program cycle and the regulatory resources available to help prevent the loss of data, loss of customer confidence, increased reputation risk, and regulatory discipline. The course utilizes regulatory guidance, notices, and case studies to help firms and their associated persons understand the risk monitoring required for a robust cybersecurity program.

As firms increase reliance on technology to conduct their operations, the risks to firms associated with cybersecurity continue to increase. This course provides representatives with background knowledge of cybersecurity risks and best practices, including phishing tactics, vendor management controls, information sharing and much more. Please note: This course includes audio on each page.

Training Topics

- Cybersecurity - Phishing

This course is intended for registered representatives and their supervisors involved in the recommendation and placement of variable annuities. The course presumes a basic understanding of variable annuity suitability and exchanges. This course covers a broad range of issues relating to variable annuities to help representatives learn ways to guide clients through the various annuity products available in the market today. The course will educate representatives about the risks associated with variable annuity investing. It will also discuss purchasing variable annuities and the importance of following annuity suitability requirements.

Training Topics

- Introduction to Investment Risks - The Three Main Investment Risks - Inflation Risks - Variable Annuities and Mutual Funds - Purchasing Variable Annuities - Introduction to Investment Risks - The Three Main Investment Risks - Inflation Risks - Variable Annuities and Mutual Funds - Purchasing Variable Annuities - Separate Accounts & Variable Annuity - Pay-In and Pay-Out Phases - Assumed Interest Rate & Exclusion Ratio - Hypothetical Illustrations - Rule 2330 & Client Profile

This training has been developed to specifically cover sexual harassment in the workplace, no matter your role. It covers definitions of sexual harassment, what constitutes sexual harassment, training, the role of culture, and a high level overview of the #metoo movement.

This course is directed to registered representatives, office support staff, investment advisors and supervisors that primarily work with retail clients. Students will gain an understanding of the skills, attitudes, and thinking patterns needed to win customer satisfaction and loyalty. The process includes developing: 1) a heightened awareness of the challenges and opportunities, 2) the tools for dealing with unhappy customers by using the power of customer expectations and by creating loyalty, 3) specific skills for professional success. This course will provide students with a solid foundation in the areas of customer service and service excellence.

Training Topics

- Savvy Buyer - Cost Efficiencies in Serving Customers - Loyalty Factor - Satisfied Customers and Referrals - Customer-Centered Company - How Customers Evaluate Service - Written Communication - Nonverbal Communication - Professionalism through Verbal Communication - Developing a Professional Aptitude - Building Professional Relationships - Listening: The Neglected Communication Skill - Impact of Technology - Automated Phone Systems - Phone Etiquette - Voicemail - Email - Effective Questioning

This course will provide an overview of the Department of Labor Prohibited Transaction Exemptions. It will start with the origins of prohibited transactions by discussing the Department of Labor and the Employee Retirement Income Security Act of 1974, otherwise known as ERISA. It will explain what are prohibited transactions, those transactions that are exempt and penalties that may be incurred if there is a violation. This course will also cover PTE 2020-02 the exemption process and will wrap with examining the most recent exemptions that have been made for prohibited transactions.

This course provides registered representatives with an overview of digital assets, exchange-traded products (ETPs), and the evolving regulatory landscape. Based on updated regulatory guidance, participants will learn how digital assets are classified into five categories based on their characteristics, uses, and functions, and how regulators such as the SEC and CFTC approach oversight. The course also explores how clients gain exposure to digital assets through ETPs, along with key risks and structural considerations. In addition, participants will review applicable FINRA and SEC rules and common compliance challenges, including communications, supervision, and outside activities. Real-world enforcement examples are used to highlight regulatory expectations and reinforce practical, compliant behavior when discussing digital assets with clients.

Training Topics

- Digital Assets - Token Taxonomy - ETPs - Securities Status

Broker-dealers and others in the financial industry are dealing with a world that is rapidly changing. With the rise of technology and digital assets, including cryptocurrency, social media accounts, subscriptions, apps, photos, file storage, websites and more, broker-dealers are learning that clients' physical and financial assets are just one aspect of their lives that need to be evaluated and secured. As FINRA becomes more involved with how the financial industry handles digital assets, education is needed. This course will cover what must be reported to FINRA, what constitutes a digital asset, how to help clients secure and plan for the future, and other important issues.

Training Topics

- FINRA Regulatory Notice 18-20 - What are Digital Assets? - Assisting Your Clients in Creating a Digital Assets Plan - Helping Clients Who Must Handle a Deceased Individual's Digital Assets - Helping Your Clients Keep Digital Assets Alive - Digital Assets as Securities

Limited partnerships are risky, illiquid investments. While the risk is limited to the amount invested, all of the money is at risk. The transfer of limited partnership units is usually restricted by contract, especially for private placement units. Therefore, these investments are suitable for those investors that have long-term investment goals, who will not need the money during the term of the investment and are willing to risk the entire amount invested. The main tax advantage of a limited partnership is that it is a flow-through instrument - all profits and losses flow directly to the individual limited partners. In other words, the limited partners directly participate in the profits and losses of the limited partnership but not the business itself. This course discusses types of DPPs, tax considerations, regulatory considerations and things to consider when evaluating a DPP as an investment.

Training Topics

- Types of DPPs - How DPPs are offered and sold - Tax considerations for the DPP investor - Regulatory considerations - Evaluating a DPP as an investment

This course provides an in-depth examination of the regulatory framework regulating municipal securities' primary issues, emphasizing the disclosures required of underwriters and issuers. It covers both the issuer disclosures required by regulation G-32 and the underwriter disclosures required by the same regulation. It also discusses the importance of reporting substantial developments that may affect the issuer's financial position. This course is intended for financial professionals who want to learn more about MSRB Rule G-32 and the disclosure obligations for underwriters and issuers and is suitable for financial advisers, underwriters, broker-dealers, and compliance professionals.

Training Topics

- Understand disclosure requirements mandated by the federal municipal securities laws of the SEC and MSRB - Distinguish between the disclosure obligations of underwriters and those of issuers - Recognize the documents underwriters and issuers must disclose - Locate disclosure resources - Realize how disciplinary actions are taken and sanctions determined when disclosure responsibilities are not met

This course is intended for retail representatives, institutional representatives, investment advisors, supervisors or any financial service industry professional interested in learning how the Dodd-Frank Wall Street Reform and Consumer Protection Act affects them and the financial services firms they work for. The Dodd-Frank Wall Street Reform and Consumer Protection Act were signed into law on July 21 2010. The Act affects almost every aspect of the U.S. financial services industry. The objectives of the Act include restoring public confidence in the financial system, preventing another financial crisis, and allowing any future asset bubble to be detected and deflated before another financial crisis occurs. The Dodd-Frank Act greatly increases regulation of the financial services industry. The Act gives U.S. governmental authorities more funding, more information and more power. In broad and significant areas, the Act empowers regulators with complete discretionary authority to write and interpret new rules.

Training Topics

- Orderly Liquidation Authority - Key Measures to Address Systemic Risk - Federal Reserve Emergency Credit - Financial Institutions - Volcker Rule - Private Fund Investment Advisers - Insurance Companies - Supervision of Payment, Clearing and Settlement - Capital Markets - Derivatives and Swaps Clearinghouses - Securitization - Investor Protection and Securities Enforcement - Governance and Compensation - Consumers

This course is designed to provide investment advisers with an understanding of their obligations to perform due diligence on third parties. The course discusses due diligence on service providers the firm uses, as well as the obligations and potential liabilities involved when recommending third parties to clients. The course also discusses due diligence as it relates to prospective employees and in the context of the growing use of social media by investment advisers.

Training Topics

- Custodians - Third-party service providers - Regulatory guidance/influence - Prospective employees - Best Execution - Private Offerings - Social Media

This course is intended for representatives, investment advisors, institutional representatives, traders, analysts, and supervisors who have a well-rounded background in the issuance and distribution of conventional securities. This course will review the various economic indicators that aid in the analysis of economic performance and predictions of future performance. Although they do not have a perfect record, economic indicators and leading indices of the national economy have been helpful in foreshadowing turning points, especially economic downturns. As such, this course will cover the impact that these indicators have on the market and begin to help industry professionals understand how to interpret and analyze them.

Training Topics

- Economic Indicators - Beige Book - Consumer Confidence & Price Index - Employee Cost Index - Employment Situation Report - Gross Domestic Product - Housing Starts - Philadelphia Fed Index - Producer Price Index - Purchasing Managers' Index - Retail Sales Data

This course is intended for representatives, investment advisors, institutional representatives, supervisors and marketing staff that work with both clients and prospects in a retail and institutional environment. Social Media use for both business and personal purposes has exploded in the past few years. Recently, the financial services industry has begun to embrace this new way to interact with and market to clients and prospects. With that, there remains doubt and confusion as how to best utilize this exciting medium. This course will provide representatives with an overview of the different social media mediums. It will look at the various types of regulatory requirements that govern these communications. Finally, the course will teach representatives how to utilize social media for marketing communications, customer service and branding.

Training Topics

- Description of Social Media - Six Types of Social Media - How Social Networks Work - What is Social Media Marketing - Compliance Overview - FINRA and SEC Compliance Rules for Using Social Media - Social Media Suitability - Record Keeping Requirements - Supervisor's Responsibilities - How to Successfully Market to Clients and Prospects While Remaining Compliant

This course is directed to registered representatives, Investment advisers and their supervisors that work in the area of retirement planning with clients. This course will help the student understand the Psychological and financial impact that market volatility has on consumers and on the retirement planning process. It will discuss how variable products can provide both tools and solutions to mitigate the effects of market uncertainty on retirement portfolios.

Training Topics

- Market Uncertainty and Investor Reaction - Long-Term Nature of Variable Annuities - Stock Market Investing Over Time - Inflation / Buy and Hold Strategy - Tax-Deferral Strategy - Price Waterhouse Coopers Study - Improved Death Benefit / Enhanced Earnings - Time in the Market / Dollar Cost Averaging - Split Annuity Strategy / Asset Allocation - Adjusting Subaccount Investments - Guaranteed Living Benefits - Death Benefit / Income in Respect of a Descendent

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors or any financial services industry professionals interested in learning how industry rules apply to the use and management of electronic communications with the public. FINRA developed a number of guidelines regarding electronic communications for registered representatives. This course is designed to make registered representatives aware of the compliance requirements and potential liabilities when using the Internet and other electronic communications.

Training Topics

- Changes with Technologies - The Rules of Yesterday and Today - General Compliance Requirements - Conduct Rules that Apply to Internet Usage - Use of Current Information - Supervision: Conduct Rule 3110 - Surveillance - Use of Texting, E-mail and Instant Messaging - Communications with the Public: Conduct Rule 2210 - Institutional Communications: Conduct Rule 2210(b) - Chatrooms and Websites - BrokerCheck Reference and URL Requirement

This course is intended for wholesalers and covers guidelines for communicating with the public and registered representatives. The course emphasizes FINRA guidance on this subject and applicable rules and standards. Specific topics addressed in this course include institutional communications, particular regulations for wholesaler communication and guidance for content and record keeping.

Training Topics

- Overview of Institutional Communications - Issues Related to Advertising - Electronic Communications by Wholesalers - Seminars by Wholesalers

This course is designed to cover the origins and foundations of ethics and compliance programs in the United States through the lens of the Federal Sentencing Guidelines for Organizations from the United States Sentencing Guidelines Commission. We will explore the evolution of the guidelines and the key elements (commonly referred to as the "7 Elements") to effective compliance programs along with two other elements essential to effective ethics and compliance programs: ethical culture and risk assessments. This course is appropriate for compliance professionals, management, executives, and board members.

This course is intended for any financial advisors who already work with, or have plans to attract more business from, the youngest of the US working population - Millennials. They are a new breed of investors that require new methods of investing their money, different than the strategies used with their parents. Learning to understand millennials helps to understand their financial goals. This course prepares financial advisors to recognize and work with millennial clients the way they want to be worked with. It also discusses regulations surrounding social media and other off-channel communication platforms that millennials tend to navigate towards. Finally, the course walks through two important components that tend to come up frequently among millennial investors: cryptocurrency and ESG investing. This course includes audio.
NOTE: This course contains IA-related material.

This course is intended for registered representatives and their supervisors that work in the area of retirement planning with clients utilizing annuity products. Offering an understanding of equity indexed annuity contracts, this course explores the market and economic conditions that caused equity indexed annuities to evolve. It also discusses how the contracts work and how they differ from declared interest rate fixed annuity contracts. Finally, the course looks at how the equity-linked concept should be positioned within a client's overall portfolio.

Training Topics

-The Equity Indexed Annuity Concept -Keys to Understanding Equity Indexed Annuities -Suitability of Equity Indexed Annuities -Fixed Annuity Features -Sources of Retirement Income -The Evolution of Equity Indexing -Mechanics of EIAs -Indexing Methods -Good Market Conduct

This course provides an overview of an ERISA fiduciary, the obligations of a fiduciary, and DOL guidance for financial advisers who provide non-fiduciary information and services. It also discusses IRA rollovers from qualified plans, and the DOL's proposal to expand the definition of a fiduciary to those who recommend such rollovers or otherwise provide advice to IRA clients. Please note: This course includes audio on each page.

Training Topics

- ERISA covered plans - DOL rules regarding ERISA plans - Fiduciary and non-fiduciary services - IRS prohibited transactions - Qualified plan rollovers to IRAs - Rollover suitability - Proposed expansion of fiduciary definition

This course provides investment adviser representatives with a practical and comprehensive understanding of Form ADV requirements under the Investment Advisers Act of 1940. Learners will explore key components of Parts 1, 2A, 2B, and Form CRS, examine recent regulatory developments, and apply lessons from real-world disclosure failures. The course emphasizes best practices in communication, documentation, and client transparency. Through case studies and application scenarios, participants will develop the skills needed to recognize red flags, support timely updates, and contribute to a culture of compliance. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Form ADV - Form CRS - Recent regulatory developments - Best practices

Exchange-traded funds (ETFs) have reshaped the investment landscape, providing cost-effective, liquid, and diversified market exposure. However, misconceptions about ETFs persist, creating potential compliance risks for financial professionals. This course debunks common myths, clarifies regulatory considerations, and equips advisors with best practices for recommending ETFs. Through knowledge checks, real-world scenarios, and short animations, financial professionals will gain practical skills to navigate ETF recommendations while ensuring compliance.

Training Topics

- ETF (Exchange-Traded Funds) - Investment Strategies - Financial Regulations - Transparency in Investing - Liquidity Risks - Cost Efficiency - Portfolio Management - Investment Suitability

This course is intended for registered representatives and firm supervisors that primarily work with retail and institutional clients. The course familiarizes representatives on the terminology commonly used with these types of securities and prepares them with the necessary tools to understand and explain these complex investments to clients. This course looks at ETFs and defines what they are, the size of the market, their history, how they work and the different types. The course also explores FINRA's communications related to ETFs and looks at suitability communication supervision and training related to the use of these investment products.

Training Topics

- ETF History - Unit Investment Trusts - Grantor Trust - Limited Partnerships - Types of ETFs - Diversification - Leverage - Options - ETFs vs. Exchange-Traded Notes - Taxes and Portfolio Turnover - ETFs vs. Closed-End Funds - Closed-End Funds vs. ETFs - Commodity Investing - Contango vs. Backwardation - Commodity Sectors - Type of Orders - Advanced ETF Strategies - Investor Considerations - FINRA Rules - Training

This course is designed to equip investment advisors with the knowledge and tools necessary to align their marketing practices with the SEC's modernized IA Marketing Rule while fostering a strong commitment to ethics. Participants will explore the regulatory framework governing marketing communications, focusing on the rule's provisions for transparency, fairness, and accountability in advertising. The course delves into ethical considerations that underpin compliant marketing, such as balancing business goals with fiduciary responsibilities, mitigating conflicts of interest, and ensuring truthful representations of performance data. Advisers will learn to navigate complex challenges in marketing, including the use of testimonials, hypothetical performance, and AI-driven financial tools. The course also provide actionable strategies for developing robust compliance programs, leveraging technology to streamline processes, and responding effectively to SEC inquiries. Emphasis is placed on cultivating a culture of compliance and ethical leadership, empowering advisers to act with integrity while maintaining competitive marketing practices. This course includes audio.
NOTE: This course contains IA-related material.

This course is intended for financial advisors, compliance officers, and FinTech professionals seeking to stay ahead of emerging challenges in AI and FinTech and lead with ethics in mind. Participants will explore key ethical concerns such as data privacy, algorithmic bias, accountability, and transparency. The course emphasizes the importance of embedding ethical practices into AI and FinTech applications to ensure compliance with regulatory requirements and build client trust. The course also covers governance tools such as ethics committees and frameworks like AI Ethics Guidelines and the NIST AI Risk Management framework. These resources provide practical steps for implementing ethical oversight in financial services, helping firms align their technological innovations with ethical principles and regulatory standards. Participants will also gain insights into the consequences of unethical practices and the benefits of proactive governance. This course includes audio.
NOTE: This course contains IA-related material.

This course equips advisors with the principles, strategies, and tools needed to maintain the highest standards of integrity in every client interaction. Participants will explore the foundations of ethical communication, identify common challenges, and learn how to tailor messaging to individual client needs. The course covers topics such as cultural sensitivity, managing communication during market volatility, leveraging technology responsibly, and fostering a culture of transparency and accountability. This course offers essential guidance to help advisors excel in ethical client communication while enhancing professional credibility and client loyalty. This course includes audio.
NOTE: This course contains IA-related material.

This course is appropriate for anyone working in the financial services industry. It begins with a look at ethical issues facing the industry, and briefly defines ethical standards and why they are important. The course then gives an overview of the regulatory requirements from FINRA and the SEC that are designed to promote ethical standards and provides examples of recent charges. The course concludes with the understanding that rules and regulations alone are not enough to ensure ethical behavior.

This course is intended for registered representatives and supervisors that work with clients that are interested in, or currently hold, annuity/ insurance products. Upon completing this course, producers will have a better understanding of the importance of ethics in the insurance industry. Producers will learn the standards and requirements they are to uphold, as well as how to successfully implement these standards when dealing with both clients and insurance companies. This will allow the producers to create both a personal and professional code of ethics, which they can follow in each and every aspect of their business.

Training Topics

- The Components of an Ethical System - Ethics in Modern Society - Ethical Decision Making - A Personal Code of Ethics - Standards of Ethical Behavior - Professionalism - Requirements of Professional Ethics - Ethics and the Insurance Industry - Public Expectations and the Insurance Industry - Ethics for Insurance Producers - Agency Law Principles - Authority of an Agent - Selecting Insurance Companies to Represent - Advice to Agents

This course is intended for registered representatives, investment advisers, compliance staff, and supervisors that work with retail investors. This course covers some of the basics of ethics and looks at past legislation that has brought us to where we are today. By outlining each professional's responsibilities, this course sheds light on why all members of any profession must maintain and adhere to professional ethical standards. Please note: This course includes audio on each page.

Training Topics

- An Introduction to Ethics - Important Concepts: Efficiency, Reliability, Knowledge and Due Diligence - Valuing Professionalism - Characteristics of a Professional - Why look at the Past? - The Armstrong Investigation of 1905 - Stock Market Reforms - Suitability Rule - Industry Ethics - Compliance and Professionalism - Good Business Ethics - What is Professionalism? - Good Business Ethics - The Pursuit of Excellence - Due-Diligence -Helping the Client - Understanding Ethics

This course is intended for municipal securities brokers, municipal securities dealers, municipal securities sales representatives, municipal finance professionals (MFPs) and their supervisors. This course is geared towards the municipal securities representative discussing the nature of ethics and to whom the representative has an ethical responsibility. The course explains the importance of increased professionalism and offers practical guidelines for ways representatives can differentiate themselves ethically and professionally on a daily basis.

Training Topics

- Ethical Conduct - Important Concepts for Ethical and Professional Conduct - Due Diligence & Valuing Professionalism - Industry Ethics - Cross-Selling, Switching and Churning - Helping the Client & Compliance and Ethics

This course is intended for research analysts, their supervisors, managers, and any financial services professional interested in how ethical behavior influences our actions and behaviors. Ethics for research analysts often involves conflicts of interest and the responsibilities surrounding avoidance of these conflicts. This course discusses the potential conflicts of interest research analysts face and the FINRA rules designed to eliminate these risks.

Training Topics

- Definition of Research Analyst - Research Analyst Registration - The Role of a Research Analyst - Potential Conflicts of Interest - FINRA Rule 2241 - Restrictions on Publishing Research Reports - Recordkeeping for Public Appearances - Third-Party Research Reports - Content, Disclosures and Recordkeeping - Disclosure - Receipt of Compensation - Position as Officer or Director - Ratings & Price Chart - Procedures and Small Firm Exceptions

This course is intended for securities futures professionals and their supervisors, managers and any financial services professional interested in how ethical behavior influences our actions and behaviors. Like any other business process, being aware of changing industry standards and ensuring high ethical standards is an on-going effort. Developments in technology, commercial practices and regulations, and other changes will have ethical ramifications associated with them. Good business practice dictates that every employee receives training to keep them current on these developments and their ethical obligations to customers.

Training Topics

- Securities Futures Products (SFPs) Laws - Registration and Licensing - Proficiency Requirements - Ethics Training & Basics of Futures - Exchanges, Clearinghouses, Market Professionals - Types of Securities Futures Products - Know Your Customer & Opening a Futures Account - NFA Compliance Rule 2-30/Suitability Requirements - Supervision of Futures Accounts and AML - Promotional Material, Public Communications - Hiring and Entering Guarantee Agreements

This course is intended for Investment Advisers and associated investment professionals. In December 2022, a new rule concerning advertising and marketing, which was announced 18 months prior by the Securities and Exchange Commission, went into effect. This course covers the reasons for the new Marketing Rule and its various components. Besides examining general changes in the definition and rules of advertising, this course also covers issues around endorsements and testimonials. With the new Marketing Rule, certain recordkeeping requirements and industry forms were modified as well. You'll learn about those changes and read about regulatory actions already undertaken regarding the new Marketing Rule. What about social media? That's covered too. In addition to describing the workings of the new Marketing Rule, you'll also read about the implementation process from announcement to compliance.

This course is intended for registered representatives, investment advisors, compliance staff and supervisors that are responsible for working with clients. This course provides an overview of the characteristics of ethics and professionalism. Topics include the standards by which a professional should be judged, as well as a study of ethics on its philosophical and compliance levels.

Training Topics

- What is Professional Ethics? - Advantages and Disadvantages of Code of Ethics - Example of Professionalism & New Opportunities - Demand for Recognition as a Professional - Professionalism & High-Quality Workmanship - Education & Uncompromised Values - The Past as Prologue to the Future - New Standards for Ethical Conduct - Ethics on the Philosophical Level - Compliance Needs Ethics and the Letter of the Law - Valuing Compliance and Market Conduct - Protect Your Client, Not Yourself

This course equips advisors with the knowledge and tools to navigate ethical challenges during times of financial crises and market volatility. Advisors will explore key ethical principles, such as transparency, accountability, and empathy, while learning how to manage client relationships under pressure. Through real-world case studies and actionable frameworks, participants will examine the complexities of balancing short-term decisions with long-term goals, addressing conflicts of interest, and using financial products responsibly. The course emphasizes best practices for ethical crisis management, including leveraging technology, understanding behavioral finance insights, and fostering a firm-wide culture of integrity. Advisors will also gain insights into emerging challenges, such as data privacy, sustainable investing, and the ethical use of artificial intelligence. This course includes audio.
NOTE: This course contains IA-related material.

Introduced in the early 2000s, exchanged traded notes (ETNs) are senior, unsecured and unsubordinated debt securities. They are issued by a financial institution in which that financial institution agrees to pay the holder of the ETN the return on a specific index over a certain period of time, along with the principal amount less any management fees at the maturity date of the contract. This course will provide a complete overview of how exchanged traded notes are used, taxed, and the risks associated with them.

This course is intended for registered representatives and their supervisors that work in the business of retirement planning. Specifically, this course is for registered representatives who open retirement accounts for retail investors and advise them on issues related to retirement and estate planning. This course will introduce the financial services practitioner to one of the major types of non-qualified benefit programs used by business owners to benefit themselves and attract and retain key executives. This course addresses the basics of executive bonus plans, as well as the advantages and disadvantages of such plans for the employer and the executive. Plan participation issues are explored, including who should be included in such plans, ERISA requirements and organizational implications. The many forms of executive bonus plans are addressed and the taxation of such plans is covered.

Training Topics

- Basics of Executive Bonus Plans - Section 162 Plans & The Need for Incentives - The Employer's Bonus & How to Authorize a Plan - Benefits to the Employer & Selectivity - Current Income Tax Deduction - Ease of Communication and Administration - Post-Retirement Benefits & Disadvantages - Formula Method, Flat Amount/Flat Percentage Method and Vesting - Income Taxation of Distributions

This course provides information on the regulations of sections 114 and 315 of the FACT Act program, regarding the detection, prevention and mitigation of identity theft. Topics discussed include: regulations, guidelines, identification of red flags and much more. Please note: This course includes audio on each page.

Training Topics

- Defining financial institutions, creditors, and covered accounts - Development of Identity Theft Prevention Programs - Changes of address for debit and credit cards - Notices of address discrepancies in regards to credit reports

In this course, we'll review some of the most outlandish disciplinary cases from 2015 and identify the source of each violation. Please note: This course includes audio on each page.

Training Topics

- Ex-employee terminates boss through Web CRD - Broker fakes death to avoid FINRA investigation - Stockbroker takes selfies with confidential data - Man eats Post-Its to conceal insider trading information - SEC sanctions for attempting to silence whistleblowers - Broker steals $6.5M, purchases $22k lawn statue - Broker swindles $1.8M from client with Alzheimer's

This introductory-level course looks at the considerations that should enter into a recommendation for a fee-based account arrangement. With an increased number of assets being invested in fee-based accounts, this course provides practical steps for managing conflicts of interest that may arise.

Training Topics

- Reverse Churning Defined - Regulatory Background - Commission-Based Vs. Fee-Based Account Conflicts of Interest - Practical Steps for Managing Conflicts of Interest Related to Fee-Based Accounts - Supervisory Procedures

In a highly regulated profession built on trust, fiduciary duty isn't just a legal obligation - it's the foundation of ethical advising. Fiduciary Duty: Ethics and Compliance equips IARs with the practical knowledge to navigate today's ethical and regulatory landscape. This 1-hour course explores the SEC's guidance on the fiduciary standard, core duties of care and loyalty, conflict disclosure, and real-world case studies on ethical breaches. Learners will apply decision-making frameworks, understand the "fiduciary funnel," and strengthen their ability to align client-first values with day-to-day advisory decisions. Perfect for those committed to building long-term trust and minimizing compliance risks. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Fiduciary Duty - Duty of Care - Duty of Loyalty - Conflict of Interest - Ethical Decision-Making - Full Disclosure - SEC Guidance - Transparency - Code of Ethics - Client Trust

This course is intended for registered representatives, salespeople, market makers, traders, securities analysts, financial professionals and anyone interested in learning more about how to use ratio analysis to evaluate financial performance. Additionally, course takers will look at how comparing financial statements from period to period, or with varying companies, can be an effective way to evaluate financial performance.

Training Topics

- Why Use Ratios? - Return on Equity - Calculating Return on Equity - Profit Margin - Asset Turnover - Components of Return on Equity - Liquidity Ratios - Accounts Receivable Turnover - Days in Inventory - Profitability Ratios - Market Value Ratios - Comparing Financial Statements

As a way to increase transparency between regulators and the registered firms and advisors they oversee, the SEC and FINRA release their annual examination priorities at the beginning of each year. These serve as a great resource for registered firms and members as they work to meet their annual compliance obligations. This course will provide a general overview of what was included in both the SEC and FINRA examination priorities while highlighting the specific areas which will receive the most attention in 2024, including Anti-Money Laundering, Cybersecurity, Regulation Best Interest, ESG Investing, and more.

Each year, the SEC and FINRA release examination priorities to help financial professionals stay ahead of evolving compliance expectations. This course provides an in-depth look at key focus areas for 2025, including anti-money laundering (AML), third-party vendor risk management, Regulation Best Interest (Reg BI) and Form CRS, best execution and extended hours trading, market manipulation, trade surveillance, and more.

Participants will gain valuable insights into regulatory expectations, risk areas, and compliance best practices to help their firms prepare for examinations and strengthen internal controls.

This course reviews the 2026 regulatory priorities of FINRA and the SEC and how they affect registered representatives in today's technology-driven markets. It focuses on key risk areas including cybersecurity, external fraud, and anti-money laundering, with practical context around emerging technologies and AI-supported tools. The course also addresses current expectations under Regulation Best Interest, communications and sales practices, market integrity, best execution, market access controls, and recent developments related to the Consolidated Audit Trail and customer account information, emphasizing how regulatory priorities translate into day-to-day responsibilities, sound judgment, and adherence to firm procedures.

Training Topics

- Cybersecurity & Fraud - Regulatory Conduct - Communications & Sales - Market Integrity

This course is intended for back office staff, registered representatives, supervisors and compliance staff that are interested in learning more about the "Back Office" Operations of a broker/dealer and the regulations that they are required to comply with. This course provides an overview of the "back office" requirements and regulations involving the operation of a broker/dealer. The course reviews the various roles of the purchase and sales department, the margin department and cashiering department. Finally, the course covers FINRA and SEC record keeping requirements.

Training Topics

- Purchase & Sales Department - Margin Department - Cashiering Department - Good Delivery - Recordkeeping Responsibilities - FINRA Rule 3110 - Books and Records - Customer Account Information - Record of Written Complaints - "Complaint" Defined - Order Audit Trail System Record keeping Requirements - Holding of Customer Mail - Changes in Account Name or Designation

Arbitration is an alternative to litigation in which an arbitrator or a panel of arbitrators listen to the positions of the disputing parties in a relatively informal proceeding and then issue a decision on how the situation should be resolved. This course provides representatives with an understanding of the rules and processes in place to be followed, utilizing FINRA Code of Arbitration Mediation and Procedures.

Training Topics

- Code of Arbitration - Form U-4 - Forms of Arbitration - Dispute Resolution - Larger Disputes - Mediation Program - Code of Procedure - Censure - Fines - Suspension - Expulsion - Offer of Settlement

This course is intended for registered representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional interested in learning how industry rules apply to their responsibilities to ensure compliance with FINRA Conduct Rules. This course describes the purpose and mission of FINRA overall, as well as the role the self-regulatory authority plays in the financial services industry. The course also discusses FINRA's policies and regulatory reviews of members' business activities.

Training Topics

- FINRA's Policies and Regulatory Reviews of Members' Business Activities - The Purpose & Function of FINRA - FINRA's Jurisdiction and By-Laws - Becoming a Member of FINRA - The Purpose of the Conduct Rules - The Uniform Practice Code - Blind Recruiting Ads - Conduct Rules Regarding OTC Retail Transactions - Rules Regarding Free-Riding and Withholding - The 5% Policy & Nominal Quotes

This course discusses the proposed restrictions on broker political contributions by FINRA-registered member firms. Specifically, this course focuses on the two rules established by FINRA in response to SEC guidelines to regulate broker political contributions: Rule 2030(a) and Rule 4580.

Training Topics

- Overview of FINRA Restrictions on Broker Political Contributions - Definitions of Terms - FINRA Pay-To-Play Rule Timeline - FINRA's Proposed Pay-To-Play Rules

This course was developed to meet FINRA continuing education requirements and its restrictions on political contributions. Political contributions are not forbidden by this rule if engaged in properly. For example, the de minimis exception allows donating to a candidate in one's own district, in an amount of $350 or less. However, there are forbidden contributions that, if violated, are a violation of FINRA Rule 2030, Engaging in Distribution and Solicitation Activities with Government Entities. This rule is largely mirrored from the SEC's pay-to-play rule. The SEC has oversight authority over FINRA and thus, the ability to bring civil and/or criminal charges for executing pay-to-play schemes.

Training Topics

This course helps the student: - Understand the "pay-to-play" concept. - Examine the words and terms as used by FINRA specific to Rules 2030 and 4580 - Learn the fundamentals of political contributions - Apply the FINRA rules applicable to political contributions

This course provides an overview of the category of FINRA registration for those personnel involved in certain types of broker-dealer operations. The course is designed for registered representatives and their supervisors, as well as personnel in the operations, compliance and registration/licensing areas. Upon completion of this course, representatives should be able to: identify "covered persons" who need to register as an operations professional; identify the "covered functions" that an operations professional is likely to perform; understand when someone is required to register as an operations professional, but is exempt from the examination requirement for the Series 99 based on his or her other securities registrations; discuss the subject areas covered by the operations professional examination; and know the timelines in which broker-dealer firms must comply with the new requirements.

Training Topics

- Introduction - Covered Persons and Covered Functions - Operations Professional Registration - The Series 99 Examination - Exceptions to Operations Professional Examination Requirement - Continuing Education Requirements - Broker-Dealer Implementation Responsibilities

This course outlines how to comply with FINRA's recent BrokerCheck link requirement. Effective June 6, 2016, firms will need to include a readily apparent reference and hyperlink to BrokerCheck on the initial Web page to be viewed by retail investors, and any other Web page that includes a professional profile of one or more registered persons, who conduct business with retail investors. To help satisfy this requirement, this introductory-level course provides background of the new rule and instructions for linking to BrokerCheck.

Training Topics

- FINRA Rule 2210 - Rule Requirements - Exceptions to Rule 2210(D)(8)(B) - Social Media - Firm Websites - Appearance and Location of Hyperlink to Brokercheck

Introductory Course to FINRA Rule 2273 - Educational Communication Related to Recruitment Practices and Account Transfers. Effective November 11, 2016

Training Topics

- FINRA Rule 2273 - Educational Communication Related to Recruitment Practices and Account Transfers

This course is intended for supervisors of registered representatives who market and sell deferred variable annuities. The course is also applicable for compliance staff that work with deferred annuity products. FINRA Rule 2330, Members' Responsibilities Regarding Deferred Variable Annuities, imposes requirements on FINRA members who recommend purchases or exchanges of deferred variable annuities. It also requires FINRA-registered principals to review and approve variable annuity transactions. This course explores FINRA Rule 2330 and the heightened requirements of supervisors of registered representatives who promote and sell annuity products. It provides a solid background for supervisors regarding variable product suitability requirements, and the responsibilities for supervising registered representatives as required by the rule.

Training Topics

- Introduction - Members' Responsibilities Regarding Deferred Variable Annuities - Primary Components of Rule 2330 - Supplementary Material 2330.01 through 2330.07 - State Requirements - Applicable Rules within Rule 2330 - Failure to Comply - Customer Complaints - Conclusion

This course was developed to meet FINRA continuing education requirements. It addresses FINRA Rule 3160, Networking Arrangements with Members and Financial Institutions, which must be implemented by broker-dealers doing business on the premises of a retail financial institution.

Training Topics

- Distinguish the bank broker-dealer role - Understand bank broker-dealer requirements of Rule 3160 - Differentiate between its services and those of the retail financial institution - Consider the implied rules the bank broker-dealer must implement

This course is intended for registered representatives, salespeople, market makers, traders, securities analysts, financial professionals and anyone interested in learning more about FINRA's capital compliance requirements. FINRA member firms are obligated to a set of Financial Responsibility Rules as part of the Consolidated FINRA Rulebook. These rules apply to member firms considered "carrying and clearing members." The rules: establish criteria promoting the permanency of members' capital, require the review and approval of certain material financial transactions, and establish criteria intended to identify members approaching financial difficulty, as a means to monitor their financial and operational condition. This course will review the aforementioned obligations pertaining to FINRA Rule 4110 for member firms.

Training Topics

- FINRA Rule 4110 Background - Authority to Increase Capital Requirements - Suspension of Business Operations - Withdrawal of Equity Capital - Sales and Leasebacks, Factoring, Financing - Subordinated Loans, Notes Collateralized - FINRA Rule 4120, 4130, 4140, 4521, 9557

This course provides an overview of FINRA Rule 4530 regarding the disclosure and filing requirements for customer complaints. More specifically, the course outlines five potential actions that would require a firm and/or its associated persons to submit a disclosure form to FINRA.

Training Topics

- Rule 4530 Reporting Requirements - Reporting Violations - Coordination with Forms BD, U4 and U5 - Written Complaints - Statistical and Summary Reporting - Individual and Firm Disclosure - 2013 Rule Revisions

This course is intended for registered representatives, supervisors, compliance staff, senior management, and firm principals affiliated with broker-dealers as a part of their mandatory requirement to identify principals that will be responsible for establishing, maintaining and enforcing a system of supervisory control policies and procedures. The objective of this course is to provide representatives with a complete understanding of Rule 3120 and Rule 3130. Rule 3120 requires that firms identify principals that will be responsible for establishing, maintaining and enforcing a system of supervisory control policies and procedures that test and verify a firm's supervisory system. Rule 3130 requires that the CEO of a broker-dealer certify on an annual basis that the firm has a process in place that "establishes, maintains, reviews, modifies and tests internal policies and procedures for compliance with applicable rules and regulations." Representatives, at the completion of the course, will be able to identify the specific guidelines and requirements of each rule. Please note: This course includes audio on each page.

Training Topics

- Rule 3120 and 3130 Definition - CEO Certification & Regulator Focus - Summary of Rule Requirements - Recommended Approach - Planning / Scoping / Assessment / Design - Implementation / Testing / Technology

The Financial Industry Regulatory Authority (FINRA) recently implemented a new securities industry rule governing the obligation of broker-dealers and their registered representatives to make "suitable" investment recommendations to customers. FINRA Rule 2111, which went into effect on July 9, 2012, broadens the scope of the predecessor suitability rule, NASD Rule 2310, in a number of important respects. This course highlights the key provisions of FINRA's new suitability rule and recommends a number of ways to document compliance and mitigate risks related to unsuitable investments. Please note: This course includes audio on each page.

Training Topics

- The New Rule - Investment Strategies and Hold Recommendations - Increased Need for Additional Customer Information - Different Suitability Assessments - Reasonable Basis Suitability - Customer-Specific Suitability - Quantitative Suitability - Additional Requirements Under New Rule - Know Your Customer - Compliance Considerations

In this course, representatives will discuss the two new FINRA Rules that were approved by the SEC to be incorporated into the FINRA consolidated rulebook: FINRA Rule 2090 - Know Your Customer and FINRA Rule 2111 - Suitability. Both rules incorporate and expand upon standards that were contained in earlier NASD and NYSE Rules. Upon completion of this course, representatives will have a better understanding of the Know Your Customer requirements stated in FINRA Rule 2090, including what is meant by the terms reasonable diligence and essential facts, as well as FINRA Rule 2111's suitability requirements, including: identifying the three levels of suitability; knowing when the suitability requirements apply to a customer relationship; and recognizing the obligations of the firm and the associated person under the Rules. Please note: This course includes audio on each page.

This course is intended for retail representatives, institutional representatives, investment advisors supervisors or any financial service industry professional that works with clients that purchase the aforementioned products. This course compares and contrasts fixed annuities, variable annuities and mutual funds. It describes each type of product and reasons why people buy them. The course also offers an in-depth analysis of variable annuities and mutual funds, including advantages of each and a comparison of performance.

Training Topics

- Long-Term Investment - Guaranteed Rate of Return - Another Goal is to Enjoy Tax-Deferral - Investment Safety - Liquidity & Tax Deferral - Probate Efficiency - Funds Invested in Sub-Accounts - Market Performance & Overview of Buyer - Advantages to Each Product - Conclusions to be Drawn

This course provides registered representatives with essential guidance on fixed income transaction reporting and their role in supporting regulatory compliance and market transparency. Participants will explore reporting requirements under FINRA's TRACE and MSRB's RTRS systems, including reporting timelines, reportable securities, and the importance of accurate trade data entry. The course highlights common reporting pitfalls, the risks of inaccuracies, and enforcement trends, with practical examples to help learners apply best practices in real-world scenarios.

Training Topics

- TRACE - RTRS - Fixed Income Reporting - Trade Transparency - Regulatory Compliance - Execution Time Accuracy - FINRA Rule 6730 - MSRB Rule G-14 - Post-Trade Reporting - Client Trust

The following course provides an overview of trade reporting systems operated by both the Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB), under the rules and supervision of the SEC. It covers the basic rules and requirements of each system. The course also covers the requirements of both FINRA and MSRB for reporting transactions to customers, via trade confirmations. The course is suitable for registered representatives, their supervisors, compliance members and other staff who seek to gain a better understanding of the regulatory requirements related to transactions of fixed-income securities. The course may also be useful for traders and individuals who are responsible for building trading and reporting systems. In addition, any individuals who are directly related to day to day trading operations, reporting or oversight should be given additional in-depth training on TRACE and EMMA functionality and regulatory requirements.

This course will explore factors related to a rising rate market environment, effective ways to manage rising-rate risk factors, and investment options for fixed income investors during rising rate market conditions.

Training Topics

- The role of the Federal Reserve - The rising rate environment and bond fundamentals - Risk management - Use of diversification and duration management to mitigate risk -Managed strategies vs. individual bonds

This introductory level course provides intricate background to the roles and responsibilities of market participants in fixed rate primary market offerings. The course begins with an overview of the defining characteristics of primary and secondary market transactions. After that, the bond offering process is discussed, highlighting important participants, including: municipal advisors, bond counsel, underwriters, auditors, trustees and much more.

Training Topics

- Primary and Secondary Market Transactions - Bond Characteristics - Issuer Risk and Default - Interest Rates - Borrowers in the Primary Market - Negotiated Transactions - Market Participants: Roles and Responsibilities

Floating-rate loans and investment-grade bonds carry different risks, and when used in combination, offer an opportunity for an attractive return stream that can potentially benefit investors during multiple market cycles. This course provides course-takers with an overview of floating-rate loans, funds and ETFs, and highlights certain risks and rewards for investors.

Training Topics

- Overview of Floating-Rate Funds - Floating-Rate Fund Features - Typical Floating-Rate Fund Investors

This course is intended for sales representatives, their supervisors, compliance personnel and sales support staff that work with international securities or the trading of international securities. Congress enacted the Foreign Corrupt Practices Act (FCPA) to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the American business system. This course will review the background that led to the introduction of the FCPA.

Training Topics

- Foreign Corrupt Practices Act (FCPA) - Anti-Bribery Provisions - Definition of 'Grease' - Enforcement by the Department of Justice - Penalties / Fines and Other Government Action - The U.S. Anti-Bribery Position - Payments by Intermediaries - Enforcement and Provisions - Third Party Payments & Affirmative Defenses - Books, Records and Internal Control Provisions

In this course, we will discuss foreign exchange derivatives and how FINRA oversees the market to ensure fairness, honesty, and integrity amongst professionals and their respected clients. The retail over-the-counter foreign currency exchange (retail forex) market is opaque, volatile, and risky. Broker-dealers who engage in forex business with their retail customers must comply with the FINRA rules that apply to those activities.

This course is intended for registered representatives, supervisors, market makers, traders, financial professionals and anyone interested in Forex Trading. The FX market is the world's largest, most liquid market, with an estimated $4 trillion in daily turnover. As such, it is primarily traded through banks, brokers-dealers, financial institutions and private individuals. This course provides representatives with a history of the market, different ways to trade forex, a description of varying market order types, and a list of the main currency players.

Training Topics

- Forex History and Background Information - Different Ways to Trade Forex - Why Foreign Currency Trading? - Foreign Currency Terminology - The Different Market Order Types - Leverage, Rollovers and Accounts - The Main Currency Players & Industry Analysis

This course provides an overview of the most common forms of business ownership and legal organization, examining their comparative structures, taxation issues, liability considerations, and more.

Training Topics

- Sole Proprietorships - Partnerships: General Partnerships, Limited Partnerships/Limited Liability Partnerships - Corporations: Subchapter C Corporations, Subchapter S Corporations - Professional Corporations - Limited Liability Companies - Taxation of profits/losses, and at formation and liquidation - Liability Protection - Transferability of ownership interest - Continuity of legal entity's life - Advantages/Disadvantages

This course explores how seemingly small lapses in judgment can grow into regulatory violations with serious consequences. You'll learn how enforcement actions begin, the patterns examiners look for, and the behaviors that most often put registered representatives at risk. Through case studies, practical scenarios, and a rule-by-rule breakdown, you'll see how violations like unauthorized trading, misrepresentation, off-channel communications, conflicts of interest, and best execution failures connect directly to SEC and FINRA rules. Each enforcement example highlights lessons learned and practical safeguards you can apply in your own practice.

Training Topics

- Enforcement Triggers - Common Violations - Case Lessons - Emerging Risks

This course is intended for registered representatives, supervisors, market makers, traders, financial professionals and anyone working with, or interested in learning more about, the futures markets. Representatives who successfully complete this course will gain a better understanding of futures contracts and how these instruments are used for pricing and risk management.

Training Topics

- A Brief History of the Futures Contract - Cash Commodities - A Look Inside Future Exchanges - Primary Use of the Futures Contract - Market Pressures - Why Futures Prices Change, Who Trades Them and Why? - The Clearing House - Clearing Association - Market News and Analysis - Taking a Position - Options on Futures - Terminology - Safety Net - Limit and Stop-Loss Orders

The European Union's General Data Protection Regulation took effect May 25th, 2018 and could affect certain financial representatives in the U.S. This course covers the history of the regulation, how GDPR differs from U.S. regulations, and penalties for non-compliance.

Training Topics

- History of the Regulation - What GDPR Covers - Data Breach Notification - Penalties for Non-Compliance - Examples - How You Can Ensure Compliance

This course gives registered representatives a practical look at how gift and estate tax rules can show up in everyday client conversations. While you do not provide tax or legal advice, you are expected to understand how these topics affect your clients and when to refer them to another professional. You will learn how federal gift and estate tax thresholds apply, what the annual gift exclusion allows, and how inherited assets may benefit from a step-up in basis under federal tax law. The course also covers key FINRA rules, common types of property ownership, life insurance considerations, and estate planning tools you may encounter, especially when working with senior clients.

Through real-world scenarios, short videos, and interactive activities, you will practice identifying red flags, providing client-aligned recommendations, and staying within your professional boundaries. By the end, you will be better equipped to protect clients, recognize when tax issues may be involved, and contribute to informed, compliant conversations around estate and gift planning. Please note: This course includes audio on each page.

Training Topics

- Gift and Estate Tax Basics - Suitability and Senior Protections - Referral Boundaries and Professional Roles

This course is intended for registered representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional interested in learning how to achieve compliance with FINRA rules on gifts and entertainment. FINRA Rule 3220 strictly prohibits broker-dealers from giving gifts or gratuities in excess of $300 per year to any person where that gift is in relation to the business of the recipient's employer. As such, this course helps distinguish what types of items need to be recorded to avoid the unsavory practice of giving kickbacks or paying to obtain business. Please note: This course includes audio on each page.

Training Topics

- Overview of FINRA Rule 2330 - Rule 3220 in Regards to Personal Gifts - De minimis and Promotional Items - Aggregation of Gifts & Valuation of Gifts - Gifts Incidental to Business Entertainment - Supervision, Recordkeeping, and Compliance - Training and Education

The course, "Government Sponsored Enterprises and Home Financing" provides an introductory overview of Government Sponsored Enterprises, including changes in ownership, congressional requirements and market factors that lead to crisis. Due to the current debate on the future of Fannie Mae and Freddie Mac, the course additionally focuses on the benefits of government sponsored enterprises to the housing market, their role in the 2008 economic crisis and proposals for their reform or replacement.

Training Topics

- Creation and purpose of Government Sponsored Enterprises - Changes of Housing GSE ownership - Government guarantees - Mortgage-backed securities - Sub-prime lending - Housing GSE scandals - The 2007 mortgage crisis - Fannie Mae and Freddie Mac conservatorship - Stabilization, recovery and the future - GSE Reform

Government-Sponsored Enterprises (GSEs) are companies sponsored or supported by the government. This course covers the GSEs known as Fannie Mae, Freddie Mac and the FHLBanks, as well as mortgage-backed securities. In light of the current chaotic nature of GSEs, this course discusses some of the politics surrounding these GSEs, why they are in conservatorship and what the future looks like as their once-robust role in the U.S. economy changes.

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional interested in learning how industry rules apply to the Gramm-Leach-Bliley Act. The Financial Modernization Act repealed the Depression-era barriers that separated banking, insurance and securities, allowing all three to engage in a statutorily provided list of financial activities. This course examines the broad umbrella of "financial institutions" that are covered under Gramm-Leach Bliley, and discusses the financial activities they may in engage in.

Training Topics

- GLB Act Overview - The Financial Privacy & Safeguards Rules - Three Principal Privacy Requirements - Company Obligations - Additional Provisions - Consumer Protection - Protect Yourself

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional interested in learning how industry rules apply to the use and management of electronic communications with the public. FINRA has developed a number of guidelines regarding electronic communications for registered representatives. This course is designed to make registered representatives aware of the compliance requirements and potential liabilities when using the Internet and electronic communications. This course reviews the various rules and standards that cover electronic communications. Specific issues are covered concerning different methods of electronic communications. Additionally, the course will cover FINRA's rules and views regarding electronic communications in the various forms available today. Please note: This course includes audio on each page.

Training Topics

- An Overview of Electronic Communications - Definitions of Electronic Communications - Electronic Sites - FINRA's Views on Websites

This course provides an overview of sexual harassment and discrimination in the workplace: prohibited conduct; employee responsibilities; and the remedies available for employment discrimination. Please note: This course includes audio on each page.

Training Topics

- Sexual Harassment - Quid Pro Quo Sexual Harassment - The Dollar Cost of Sexual Harassment - EEOC Sexual Harassment Guidelines - Avoiding Sexual Harassment Claims - What is Sexual Harassment...Really? - Workplace Do's and Don'ts for Employees - Types of Discrimination - Procedures to Report a Claim of Harassment or Discrimination - #MeToo - Repeated or Severe

This course provides an overview of sexual harassment and discrimination in the workplace: prohibited conduct; employee, supervisor and employer responsibilities; and the remedies available for employment discrimination.

Training Topics

- Sexual Harassment - Quid Pro Quo Sexual Harassment - Hostile Environment Sexual Harassment - The Dollar Cost of Sexual Harassment - EEOC Sexual Harassment Guidelines - Avoiding Sexual Harassment Claims - Actions of the Supervisor - Who Qualifies as a Supervisor? - Harassment by Supervisor that Results in Employment Action - What Constitutes Retaliation - Sexual Harassment Case Studies - Types of Discrimination

This course is intended for representatives, investment advisers, institutional representatives, traders and supervisors who have a well-rounded background in the issuance, distribution, and risk-analysis of conventional securities. Those taking this course should already have an intermediate understanding of the securities markets and the wide variety of securities products being offered to investors. This course discusses the history of hedge fund investing as well as the different types of hedge funds available. In addition, it discusses trading strategies employed by hedge funds, the attendant risks and suitability and disclosure requirements for making such recommendations.

Training Topics

- Hedge Fund Definition and History - Types of Hedge Funds - Hedge Fund Strategies & Risk Arbitrage - SEC Requirements - Comparison to Private Equity Funds - Comparison to Mutual Funds - Disclosure - Hedge Fund Privacy - Know the Risk - Investor Suitability

This course is intended for representatives, investment advisers, institutional representatives, traders and supervisors who have a well-rounded background in the issuance, distribution and risk-analysis of conventional securities. Additionally, those taking this course should already have an intermediate understanding of the securities market and the wide variety of securities products being offered to investors. The history of hedge fund investing, Trading strategies employed by hedge funds, Attendant risks and Suitability, Disclosure requirements for making such recommendations.

Training Topics

- Hedge Fund Definition and History - Types of Hedge Funds - Hedge Fund Strategies & Risk Arbitrage - SEC Requirements - Comparison to Private Equity Funds - Comparison to Mutual Funds - Disclosure - Hedge Fund Privacy - Know the Risk - Investor Suitability

This course provides an overview of heightened supervision of representatives for all levels of supervisory, management, and compliance personnel. Specific topics covered in this course include: Recognizing situations involving new-hires and existing representatives that may call for heightened supervision; Recognizing the risks to the firm presented by these situations; Understanding how a heightened supervision plan should be designed to address the specific representative's situation and the risks to the firm thereof; Understanding who should (and should NOT) have knowledge of and involvement in a heightened supervision plan. Please note: This course includes audio on each page.

This course is intended for registered representatives and supervisors that primarily work with retail clients. The prospectus is the single most complete source of information for investors in a mutual fund. By law, a fund must provide you with its prospectus. From the prospectus, you learn what you need to know about a fund, as well as a few things you probably never knew you needed to know. This course teaches new advisors the ins-and-outs of reading a prospectus.

Training Topics

- Why Read a Prospectus? - What is a Prospectus? - How Does One Acquire a Prospectus? - How Often is a Prospectus Revised? - Plain English and Requirements - Descriptive Fund Names - Executive Summary: The Risk/Return Summary - Financial Highlights Table - Fund Ratio and Supplemental Data - Risk Factors - Shareholder Services - How Does the Fund Invest Its Assets - Importance of the Prospectus

Generation Y, Echo Boomers, Generation Why?, Boomerang Generation or Millennials, whichever term used will define roughly the same thing: the youngest of the US working population. They are a new breed of investors that require new methods of investing their money, different than the strategies used with their parents. Learning to understand millennials helps to understand their financial goals. The biggest hurdle to jump: Millennials tend to be cynical of the importance and value of using financial advisors. This course prepares you to recognize and work with millennial clients the way they want to be worked with. Please note: This course includes audio on each page.

Training Topics

- Who are the Millennials - Where are the Millennials - What Can be Done for Millennials - Why work with Millennials - When to Approach Millennials - How to Communicate with Millennials

Hybrids are currently a hot topic. Rapidly increasing issuance across industry and geographical sectors, major regulatory developments and the close attention of the credit rating agencies have combined to place hybrids at center stage of the global capital markets. As such, this course is intended for registered representatives and supervisors that primarily work with retail clients and are interested in the sale of hybrid securities. The course looks at the structure of hybrid securities and the advantages and disadvantages they hold for investors.

Training Topics

- Hybrid Definition - Flexible Equity/Debt Characteristics - Financial Institution Issuance - Insurance Company Issuance - The Corporate Sector - Corporate Hybrids & Bank Regulation - Refinancing Redeemed Securities - Investors & Institutional Investment - Hedge Fund and Trading Approaches

Financial professionals need to identify the conflicts of interest that may be associated with their business activities, understand how to reduce or remove conflicts, and the necessity of disclosing any unresolved conflicts. This course outlines various types of conflicts of interests for various financial professionals, and methods of mitigating those conflicts. Please note: This course includes audio on each page.

Training Topics

- Conflicts Associated with Business Activities - Corporate and Individual Conflicts - Fiduciary Obligations - Product Suitability - Financial and Investment Relationships - Favorable Dealing - Mitigating Various Risks

This course is intended for anyone working in the financial services industry that may have contact with sensitive customer information. This course is beneficial for all firms, as training is required to comply with the Federal Trade Commission FACT Act Identity Theft Rules. This course examines the primary rules that protect customer information and the role that employees play in identifying identity theft red flags. Finally, the course uncovers the various methods used by hackers to steal customer identities. Please note: This course includes audio on each page.

Training Topics

- A Consumer Issue for Business - Definition of Identity Theft - Asses Your Business Risk - Data Collection & Best Practices - Tips for Reducing Risk - Disclosure & Systems Security - Proper Data Disposal - What to do When a Thief Strikes - Investigation & Informing Customers of Problems - Dealing with the Media - Customer Trust and Loyalty

The federal financial regulatory agencies have adopted and enforced robust data security standards for entities under their jurisdiction. Protection of financial and personal customer information is a key responsibility and obligation of FINRA member firms. This course provides representatives with a comprehensive overview of identity theft, as well as the things they can do while conducting their day-to-day business to help ensure consumer data is kept out of the hands of criminals. Please note: This course includes audio on each page.

Training Topics

- Who pays the price? - What is identity theft? - Ways to Steal an Identity - Mitigating the Risk - Steps to Recover from Identity Theft

This course discusses the various types of "information barriers" that firms employ in their investment banking operations. Additionally, this course discusses applicable regulatory requirements and how those obligations translate into a firm's policies and day-to-day operations.

Training Topics

- protection of material nonpublic Information - prevention of insider trading - information barriers between research and investment banking functions - communication restrictions on research personnel

Information Security plays an important role in our lives, both at home and at work. Its primary goal is preserving the confidentiality, integrity and availability of information and information systems. This course will cover the key principles to ensure employees do everything possible to maintain the integrity of confidential information at the firm.

This course covers concepts to help registered representatives and supervisors understand procedures for protecting confidential personal customer information and detecting possible breaches in information security. It provides suggestions for what to do if customer information is compromised and steps to take to better protect this information. The objective of this course is to educate representatives on the importance of protecting client information. Information assets and physical property are constantly exposed to threats such as natural disasters, computer viruses and criminal actions. We can all contribute to managing the risks that come with these threats. Understanding your individual and professional responsibility is the first step in this contribution. Information security is an integral part of the services we provide and helps to protect our reputations and brands. Please note: This course includes audio on each page.

Training Topics

- Definition of Sensitive Information - Public Information & Restricted Information - Confidential Information & Information Security - Computer Passwords - Storage of Electronic Information - Social Engineering and Identity Theft - Rules to Follow

This course is designed to equip financial professionals with the knowledge and skills to navigate the changing investment landscape and capitalize on emerging opportunities. It delves into the most cutting-edge investment products and strategies reshaping the financial markets. Participants will explore the evolution and application of ETFs, Smart Beta strategies, and cryptocurrencies, alongside the growing importance of ESG investing. Alternative investments, such as private equity, real estate, and hedge funds, are also covered, highlighting their role in portfolio diversification. The course also examines the growing influence of robo-advisors and automated investment solutions, emphasizing their role in democratizing access to sophisticated financial tools. Risk management and compliance considerations are integral to the course material, offering insights into regulatory frameworks and strategies for mitigating risks. This course includes audio.
NOTE: This course contains IA-related material.

This course is designed for investment advisors and financial professionals, and explores the ethical considerations, legal frameworks, and real-world implications of insider trading and market manipulation. It delves into the foundational principles of fairness, transparency, and integrity that underpin ethical market practices. Participants will gain a deep understanding of the regulatory landscape, including U.S. and international law, while examining case studies that highlight the consequences of unethical behavior. It emphasizes actionable strategies for fostering a culture of compliance, leveraging technology to detect and prevent violations, and addressing emerging challenges such as cryptocurrency markets and AI-driven trading. This course includes audio.
NOTE: This course contains IA-related material.

This course is intended for registered representatives, supervisors, sales associates, compliance administrators, new account managers and any financial service professional who is exposed to customers who may be corporate insiders or individuals who may possess material nonpublic information about their companies. This course reviews the background and scope of SEC anti-fraud standards prohibiting insider trading. Representatives will gain a thorough understanding of what is deemed illegal and legal insider trading. They will learn about the penalties imposed when violators are found guilty and who is harmed by illegal insider trading. Please note: This course includes audio on each page.

Training Topics

- SEC Governance - Division of Corporate Finance - Division of Market Regulation - Division of Investment Management - Division of Enforcement - Common Violations - Definition and Impact of Insider Trading - Penalties for Insider Trading - Rule 10b5-1 - Who are Insiders - Legal Insider Trading

This course examines the development and scope of the SEC's regulations governing insider trading. The material is an in-depth review of legal and illegal insider trading, prevention and prosecution of illegal insider trading, and perspectives on potential legalization of insider trading.

Training Topics

- Description of insider trading - Development of insider trading regulations - Prevention of illegal insider trading activity - Prosecution of insider trading cases

Insider Trading Compliance Essentials is a one-hour, self-paced course designed for Investment Adviser Representatives. You'll master critical definitions - insider trading, MNPI, Rule 10b-5 - and learn to recognize real-world red flags in advisory work. Through ethical-duty discussions and anonymized enforcement case studies, you'll see how compliance lapses occur and which preventive controls - pre-clearance, restricted lists, digital safeguards, and a strong compliance culture - stop MNPI misuse before it happens. A culminating scenario lets you apply a step-by-step decision framework in real-time, reinforcing your ability to uphold fiduciary duties, protect client trust, and preserve market integrity. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Insider Trading - Ethics - Pre-clearance - Restricted lists - Digital safeguards

Insider trading violations can result in severe regulatory penalties, reputational damage, and criminal prosecution. This course provides a comprehensive understanding of insider trading laws, compliance best practices, and ethical responsibilities to help financial professionals navigate SEC and FINRA regulatory requirements. By the end of this course, registered representatives and other financial professionals will be equipped to confidently comply with insider trading regulations, protect market integrity, and safeguard their professional careers.

This course provides an overview of what insider trading activity is and is not allowed, how insider trading laws have evolved, prevention of illegal activity through policies and education, the challenges of prosecuting criminal insider trading and a discussion of reasons for and against the legalization of insider trading. Please note: This course includes audio on each page.

Training Topics

- Definition of Illegal and legal insider trading - The laws surrounding insider trading - Prevention of illegal insider trading activity - Prosecuting illegal insider traders - Legalization issues for insider trading

This course is intended for institutional registered representatives, supervisors and institutional sales representatives. This course reviews the various rules covering how communication with clients by institutional registered representatives and their supervisors is conducted. The course discusses the standard definitions and procedures followed within a firm to assure compliance with the regulatory rules that govern their communications.

Training Topics

- Determine who is an Institutional Investor - Rule 2210 - Regulations in Place Regarding Communication with the Public - Sales Literature - How to Correspond in Written and Electronic Media - Retention of Records

This course outlines the various conflicts associated with financial professionals' activities and how to avoid becoming involved in unethical or criminal conduct.

Training Topics

- Securities Traders Conflicts and Research Analysts Conflicts - Investment Bankers Conflicts and Ethical Barriers - Securities Traders Conflicts - Conflicts of Interest Between Research Analysts and Investment Bankers - Regulatory Developments to Mitigate Analyst/Banker Conflicts

This course is intended for registered representatives acting as institutional sales representatives, as well as investment advisers and their supervisors. This course focuses on ethical behavior and how it fits into the moral framework of industry rules. It explores both unethical practices and ethical practices for institutional sales representatives and outlines the ethical standards required when interacting with institutional clients. Please note: This course includes audio on each page.

Training Topics

- Definition - Important Concepts - Valuing Professionalism - Industry Ethics - Helping the Client - Compliance and Ethics

This course is designed for institutional representatives, as well as investment advisors and their supervisors. This course focuses on ethical behavior and how it fits into the moral framework of industry rules. It explores both unethical practices and ethical best practices for institutional sales representatives and outlines the ethical standards required when interacting with institutional clients. This course additionally provides an overview of the most significant regulatory developments over the past few years and how they impact institutional broker-dealers.

Training Topics

- SEC Activity - SRPO Rules - Investment Adviser Code of Ethics Requirements - Fiduciary Responsibilities

This course is an informational course on corporate bonds for those registered representatives and supervisors who solicit customers in the sale of corporate debt securities. This course is appropriate for those in retail sales and in corporate bond underwriting. The objective of this course is to educate individuals on the components that are utilized when calculating prices for bonds. Moreover, the course introduces representatives to pricing and quotes of corporate bonds and discusses the three yields for a bond: nominal yield, current yield and yield-to-maturity basis, often referred to as "basis".

Training Topics

- Computation of Accrued Interest for Bonds - Calculating Accrued Interest - Mid-Monthly Interest Payments - Computation for Government Bonds - Yield Calculations - Nominal Yield & Current Yield - Yield to Maturity & Discount Bonds - Yield to Call & Bond Duration - Term to Maturity

In this course, you will learn how market-abuse, supervision, and data-protection rules apply across borders when financial professionals work in global markets. Whether you are based in the United States, the European Union, the United Kingdom, or Canada - or part of a firm's global team - your trading activity, communications with clients, and handling of personal data may trigger regulatory oversight in multiple jurisdictions. Through real-world case studies and practical scenarios, you will examine how U.S. regulators work with foreign authorities, including those in the United Kingdom and Canada, when activity spans multiple jurisdictions. The course will focus on helping you recognize when cross-border rules may apply and understand why following firm controls, approved systems, and escalation procedures is critical in global markets.

Training Topics

Cross-Border Regulation, Market Abuse Rules, Foreign Data Protection, International Client Activity

This course is intended for producers and supervisors that market and sell insurance products to consumers. This course will provide producers with an overview of Blue Sky Laws and their origins. It will cover both state and federal governance of Blue Sky Laws and the challenges associated with multiple jurisdictional oversights. Producers will learn about the registration requirements for securities, as well as the registration of Broker-Dealers and Agents.

Training Topics

- Blue Sky Law Intention - Blue Sky Law Origin - Registration - State Registration - Federal Registration - National Securities Markets Improvement Act - State Requirements for Broker, Dealers and Agents

This course is intended for registered representatives, investment advisors, institutional representatives, traders and supervisors who have a well-rounded background in the issuance, distribution, and risk-analysis of conventional securities. Those taking this course should have an intermediate understanding of the securities markets and the wide variety of securities products being offered to investors. The use of derivative instruments such as stock options grows every day. These derivative instruments represent a very flexible way of enhancing the wealth of a portfolio or protecting it against undesirable events. However many investors lack the knowledge needed to effectively use derivatives. This course will cover the various types of derivatives available, the method by which they are valued, and finally various reasons as to why they are used.

Training Topics

- Types of Derivatives - Derivative Classes - Options - Swaps - Other Types of Derivatives - Risks Involved - Accounting for Derivatives - Derivative Valuation

This course is intended for registered representatives and their supervisors that work in retirement planning and have clients utilizing annuity products. Since EIAs are merely fixed annuities with a unique method of crediting interest, this course addresses the basics of fixed annuities before proceeding on to the mechanics of the equity indexed annuity. As with any other investment product, equity indexed annuities may not be for everyone. This course sheds light on ideal investors and why EIAs have gained traction over the years.

This course is intended for registered representatives and supervisors who open retirement accounts for retail investors and advise them on issues related to retirement and estate planning. Due to the ever-changing economic status of our country, many individuals have realized the importance of planning for retirement and death. It is becoming necessary for people to seek professional advice on how to manage their finances. Many individuals are unable to effectively plan how they want their estate distributed upon their death. That is why it is very important that they seek the help of legal tax financial and insurance professionals. Through this course, representatives are presented with an effective way to help plan their clients' estates more efficiently.

Training Topics

- Introduction and Overview - Role of the Agent - Factors Influencing Estate Planning - Consequences of Improper Estate Planning - Laws of Intestate Succession - Tax Apportionment Statute - Estate Taxation & Federal Gift Tax - Generation Skipping Transfer Tax - Probate Advantages - Gifting of Assets - Wills & Overview of Trusts - Uniform Transfer to Minors Act

This course is intended for financial service industry professionals interested in the latest developments in variable annuity sales practice regulations. More specifically, this course is designed for registered representatives, principals and sales support staff. It is also beneficial for compliance staff and compliance administrators that may need a refresher course on the rule. Although this course offers an overview of variable annuities, it also presumes a basic knowledge of deferred variable annuities. Rule 2330 imposes requirements on FINRA members who recommend the purchase of deferred variable annuities. It also requires FINRA-registered principals to review and approve variable annuity transactions. This course provides an introduction to Rule 2330 and explores the four key requirements of Rule 2330. At the completion of the course, individuals will have a better understanding of the Rule and their responsibility as a registered representatives regarding: Suitability Principal Review and Approval Supervisory Procedures Training.

Training Topics

- Registered Rep Requirements - Principal Review Standards - Written Supervisory Procedures - Training Program Implementation - Deferred Variable Annuity Characteristics - Deferred Variable Annuity Responsibilities

This course is designed to cover basic compliance requirements of investment advisers, as required by the Investment Advisers Act of 1940 ("Advisers Act") as well as other applicable regulatory requirements. This course serves as educational and informational for novice investment adviser representatives, including those just joining an RIA or starting a new firm. This course also services as a healthy refresher for experienced advisors.

This course is intended as an introductory course to investments for registered representatives. The course discusses bonds, dollar-cost averaging, diversification, fixed annuities, compounding and inflation, mutual funds, tax-free bonds, and variable annuities.

Training Topics

- What is a Bond? - What is Dollar Cost Investing? - What is Diversification? - What is Fixed Annuity? - Understanding Compounding Inflation - What is a Tax Free Bond? - What is a Variable Annuity?

This course is intended for registered representatives and supervisors who sell mutual funds or are training to sell mutual funds. The course describes the fundamentals of mutual funds and serves as a refresher to mutual fund basics. Mutual funds are important investment instruments that have been essential to both individual and corporate investors for well over a century. Beginning with a brief overview of basic investment principles and the evolution of mutual funds, this course addresses the fundamentals of mutual funds, how they are categorized, their roles and functions and their investment characteristics.

Training Topics

- Mutual Fund Overview - Mutual Fund Definition - Advantages of Mutual Funds - Disadvantages of Mutual Funds - Money Market Funds - Bond/Income Funds - Equity Funds - Specialty Funds - Fees - Expense Ratios

With the ever-changing retirement landscape, it's important for the financial professional to have a basic understanding of the types of retirement plan options that may be available to their clients. In this course, you will learn about the history of retirement plans, basic differences between the available plans and the individuals that qualify for such plans, potential tax implications, contribution limits, required minimum distributions, and the benefits and drawbacks for the available plans that your clients' may have as part of their retirement portfolio. This course will also provide the applicable FINRA, SEC, and DOL rules that may be relevant when giving advice about a retirement account. This course is not intended to provide tax advice and does not include all tax implications associated with retirement plans, it is intended to provide an informational baseline so that you can better assist your clients with their retirement planning needs.

This course is intended for registered representatives, sales support staff, compliance staff and compliance administrators interested in senior citizen sales practice regulations. This course highlights special issues that are common to many older investors and baby boomers approaching retirement. This course is not intended to establish a new standard of practice or to imply new rules or regulatory requirements. Rather it provides information that registered representatives may find useful for identifying working with and responding to senior investors with potential diminished - or diminishing - decisional capacity.

Training Topics

- Review of Fixed and Variable Products - Increased Regulatory Scrutiny - Similarities between Registered and Non-Registered Products - Regulatory Organizations in the Annuity Business - Model Regulation Created & What is Suitability - Agent Responsibilities & Compliance Monitoring - Client Financial Status - How to Obtain Customer Information - Senior Safe Act

As a newly registered financial adviser, there is much basic information you need to be familiar with to launch your business. Much of what you must abide by as a financial adviser is detailed in the Investment Advisers Act of 1940. This course is meant to help you understand the compliance obligations in these provisions and provides additional resources from the Securities Exchange Commission (SEC) to help you comply with these rules and laws.

Training Topics

- Your Role as a Fiduciary - Adopting Appropriate Policies and Procedures - Preparing and Filing Reports with the SEC - Code of Ethics Governing Employees and Enforcing Insider Trading Procedures - Maintaining Books and Records - Seeking Out and Obtaining the Best Price and Execution for Your Clients' Securities Transactions - Contracts with Clients - Examination by SEC Staff - Voting Authority Over Proxies - Advertising Your Services - Paying Others to Solicit New Clients - Custody or Possession of Clients' Funds or Securities - Disclosing Certain Financial and Disciplinary Information - Choosing a Method of Compensation

Introduce your representatives to the basics of the securities industry. This course begins with a look at the securities marketplace and those involved in the issuance of securities. Next, it will summarize the trade process. Additionally, it will provide information about the various governing bodies and self-regulatory organizations (SROs) and the different markets securities are traded through. There is also an introduction to trading, as well as an overview of the different types of securities instruments. The course wraps up with basic terms and concepts.

Training Topics

- What are Securities? - The Marketplace - Trade Processing Summary - Who Enforces the Rules in the Securities Industry - Making the Deal - Other Markets - Markets - People in the Trade Process - Securities Processing - Types of Securities Instruments - Glossary of Indices - Finance & Investment Terminology

Emerging markets continue to attract the attention of investors all over the world. With that, they are undeniably becoming an increasingly significant part of the global economy and financial markets at large. This course defines emerging markets, risks associated with emerging markets and different asset classes. This course helps individuals understand the opportunities available to their clients so that they can create a well-diversified emerging markets portfolio.

Training Topics

- Emerging Markets Defined - Index - Risks Associated with Emerging Markets - Diversification is Key - Why Emerging Markets Now - Frontier Markets - Asset Class: Equities - Asset Class: Debt

This course will primarily focus on the considerations related to participant-level investment advice provided by a financial professional but will also discuss the benefits a retirement plan advisor can bring to plans as well as the fees and expenses associated with various advised investment options.

Training Topics

- Participant education - Independent investment advisors - Selecting an appropriate advisor - Evaluating retirement plan investment advice - Sponsor concerns about offering advice - Advisory Fees and disclosure requirements - Recommending rollovers

An investment adviser stands in a special relationship of trust and confidence with, and therefore is a fiduciary to, its clients. Understanding "fiduciary responsibility" is critical, because it is at the core of being a good investment adviser. In a very practical sense, if an adviser and the adviser's employees understand the meaning of being a fiduciary and incorporate this understanding into daily business operations and decision-making, clients should be well served. This course will clarify the history, scope, and liability associated with the fiduciary responsibilities of an investment adviser. Please note: This course includes audio on each page.

Training Topics

- Fiduciary standard - Conflicts of Interest - Disclosure requirements - Inadequate disclosures - Fraudulent acts and omissions - Fiduciary liability and prosecution

This course provides an introduction to the basics of the Investment Adviser's Act and is intended for Investment Adviser's, Investment Adviser Representatives, and Certified Financial Planners. Also of interest and beneficial to financial service industry professionals is how the standards may be changing as well as the latest developments in law(s). The objective of this course is to provide an overview of various definitions and regulations to define what is required of a financial services professional who falls under the Investment Adviser Act. Please note: This course includes audio on each page.

Training Topics

- Rule 204 - Requirement for Written Code of Ethics - Compliance/Supervisory Manual - Standards of Conduct - Reporting - Violations - Enforcement and Penalties - Implementation and Education - Access Persons - Personal Trading - Recordkeeping

This course provides advisers with extensive information about how to properly advertise to the public while assuring compliance with the SEC's communication rules. Additionally, the course addresses the growing use of social media among the financial services industry and the risks and obligations that are tied to this type of communication.

Training Topics

- Electronic Communications with the Public - Correspondence - Advertising - Social Media - SEC Views

This course is intended for registered representatives, institutional salespeople, market makers, traders, investment advisors and any financial professional interested in the business of determining the value of securities. Since so many firm employees interact with traders and salespeople on a regular basis, this course not only serves as an invaluable introduction to the business of stock valuation, it also serves as a valuable resource for industry professionals who interact with experienced traders, market makers, analysts, investment advisors and salespeople on their day-to-day workplace activities. Additionally, this course outlines a variety of charting patterns used by technical analysts.

Training Topics

- Fundamental and Technical Analysis - Advance/Decline Ratio - Volume - Basic Charting Patterns - Fundamental Analysis - Investment Theory

This course provides an overview of some of the key terminology, processes, regulations, and concepts involved in investment banking, with a particular emphasis on equity offerings. The course begins with basics of underwriting, one of the prominent functions in investment banking. Then the course covers registration of securities with the Securities and Exchange Commission, which is required by federal law except for available exemptions. The next section addresses aspects of investment banking in action, including more detail about the process of bringing an equity offering to market. The final section provides insight into many of the most important regulations that govern investment banking in the United States, while continuing the discussion of investment banking in practice.

When a client wishes to open any account with a brokerage firm, the financial professional must fill in the account form with the clients personal information, including his or her income levels, investment objectives, and financial goals. The financial professional uses this information to help the client evaluate the appropriate investments for his or her needs. This course discusses how to determine the suitability of the various investments for different clients and examines the risk characteristics associated with an investment company portfolio.

Training Topics

- Suitability - Regulation Best Interest - Client Objectives - Current Income - Growth of Investment Capital - Income & Expenses - Net Worth - Insurance Needs - Tax Status - Risk

This course provides an overview of some of the key issues relating to pricing and allocations of equity shares issued in initial public offerings. The course begins with an overview of the IPO process, including the typical underwriter-managed approach to allocating shares. The course then covers prohibited activities in IPO allocations, which have become a hot topic in recent years. Lastly, the course discusses some important changes in securities regulation during the last decade and ends with a review of background concepts in securities law and securities industry practices.

Training Topics

- IPO Overview - IPO Allocation - Securities Act of 1933 - Underwriter Considerations - Aftermarket Indications of Interest - A Changed Marketplace - IPO Allocations and Conflicts - New IPO Rules - Alternative Methods for Distributing IPOs - Open IPOs - IPOs and Analyst Conflict - IPO Allocations, A Hot Topic - Free-Riding and Withholding - Restricted Buyers - Laddering - Kickbacks - Regulation M

This course is intended for registered representatives and supervisors who open retirement accounts for retail investors and advise them on issues related to retirement and estate planning. This course introduces traditional individual retirement accounts (IRAs) and other types of IRAs created by The Taxpayer Relief Act of 1997 (TRA 97) and explains the impact of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) on the different types of IRAs. We'll also use the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 and SECURE Act 2.0 of 2022 to support the dollar amount and age changes to contributions and distributions. Topics include eligibility tax benefits and penalties and benefits of tax deferral. An IRA is a retirement investing tool that can be either an "individual retirement account" or an "individual retirement annuity." There are several types of IRAs: Traditional IRAs, Roth IRAs, SIMPLE IRAs, and SEP IRAs. This course provides details on each IRA.

Training Topics

- Laws Defining IRAs - Contribution Limits - Roth IRA - Traditional IRA - Restrictions on Traditional IRAs - IRA Withdrawals - Penalties for Early Withdrawal - Roth Contribution Limits - Roth Restrictions - Simple IRA - Advantages and Disadvantages of Simple IRAs

This course explores how supervisors help ensure that all firm and representative communications with the public meet FINRA's standards for fairness, balance, and accuracy. Anchored in FINRA Rule 2210 (Communications with the Public), the course also examines how Rules 3110 and 4511 - covering supervision and recordkeeping - support these obligations by requiring systems that capture, review, and retain communications through approved channels. Through case studies, enforcement examples, and interactive video scenarios, participants learn how to identify and address common compliance gaps such as unapproved content, incomplete disclosures, and off-channel messaging. The course also highlights emerging oversight challenges, including hybrid work, digital marketing, and AI-assisted tools, emphasizing how thoughtful, well-documented supervision helps protect investors and uphold firm credibility.

Training Topics

- FINRA Rule 2210 Standards - Supervisory Oversight - Recordkeeping Duties - Emerging Risks

When the SEC takes action, it sends a clear message to the industry. Each enforcement case provides a real-world lesson in what effective compliance looks like and what happens when it falls short. This course walks you through case studies where firms failed to meet expectations, from undisclosed revenue-sharing arrangements to inadequate wrap fee monitoring. You will explore what went wrong, how it violated SEC rules, and what should have been done differently. The course also provides a practical explanation of key SEC rules, including fiduciary duty, Form ADV requirements, and the Marketing Rule, along with tools to help you recognize red flags and avoid common compliance mistakes. By learning from real enforcement outcomes, you will be better prepared to protect clients, support your firm, and strengthen your professional judgment. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- SEC Enforcement - Trends and Case Lessons - Fiduciary Duties and Compliance for IARs - Avoiding Common Regulatory Violations

This course is intended for representatives and supervisors that sell life insurance/life settlement policies and want to increase their knowledge about insurance, taxes, and investment risks. With the advent of the secondary market, today's life insurance owners have a number of options for the disposition of their life insurance policies when their needs change. This course explores the settlements that comprise the secondary market for life insurance policies. It examines the markets, prospects, process taxation, regulation and the market conduct issues associated with these arrangements. The course also discusses stranger-originated life insurance (STOLI) transactions and the steps the industry is taking to curb abuses in this market.

Training Topics

- Life Settlement Definition - Size of the Market - Reasons for a Life Settlement - Steps in Obtaining a Life Settlement - Taxation - Case Studies - Providers

This course is intended for non-institutional registered representatives, investment advisors representatives and their supervisors. This course provides principles and guidelines for determining the suitability of investment products and making appropriate recommendations for prospects and clients. Before making recommendations to a customer, a representative must gather information about the customer, such as his or her financial profile, non-financial investment considerations and the customer's risk tolerance and investment experience. This course will cover topics discussing the financial profile of the investor, non-financial considerations, risk tolerance and investment experience, investment objectives, long-term versus short term risk, portfolio analysis, asset allocation principles for portfolios, types of investment risk, and market risk: systemic and non-systemic.

Training Topics

- Financial Profile of the Investor - Non-Financial Considerations - Risk Tolerance and Investment Experience - Investment Objectives - Long-term vs. Short-Term Risk - Portfolio Analysis - Asset Allocation Principles for Portfolios - Types of Investment Risk - Market Risk: Systemic and Non-Systemic

This course is intended for retail representatives, institutional representatives, investment advisors, supervisors or any financial service industry professional interested in learning how industry rules apply to the use and supervision of managing electronic communications with the public. This course covers the purpose of an email policy and identifies the issues faced by organizations using email. It also discusses creating and deploying an effective corporate email policy. Finally, the course discusses the legislations surrounding email monitoring, with a special emphasis on electronic media.

Training Topics

- What is an Email Policy - Why Companies Need an Email Policy - Elements of an Effective Email Policy - Publishing the Email Policy - Enforcement - Communication and Education - Email Monitoring - Legal Liability - Confidentiality Breaches - Communication Protocols - Key Objectives of an Effective Policy - Email Management Solutions - Legislation

Managing IAR Conflicts Effectively is a practical, regulatory-focused course designed for Investment Adviser Representatives (IARs) who must navigate real-world conflicts of interest while upholding ethical and fiduciary standards. This course explores how compensation structures, product recommendations, and firm affiliations can create ethical dilemmas - and what IARs must do to disclose and mitigate these conflicts. Learners will gain a working knowledge of SEC expectations, Form ADV and Form CRS disclosure requirements, and supervisory best practices. Engaging examples and scenario-based reflections support the development of sound judgment and effective communication strategies. This course reinforces the importance of transparency, documentation, and ethical conduct in today's advisory landscape. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Conflicts of Interest - Fiduciary standards - Compensation structures - Product recommendations - Firm affiliations - Form ADV - Form CRS - Supervisory best practices

This course explores the compliance risks investment adviser representatives (IARs) face when using personal devices or communication channels not approved by their firm. It explains how regulatory requirements apply to everyday client interactions and shows how unapproved messaging can create recordkeeping failures, fiduciary duty concerns, and cybersecurity vulnerabilities. Through real-world enforcement examples and practical scenarios, IARs will learn strategies to keep communications compliant, protect client information, and strengthen professional integrity in today's remote and technology-driven work environment. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Off-Channel Communication Risks - Use of Personal Devices - Remote Work Challenges - Fiduciary Duty - Client Trust

This course is intended for registered representatives, investment advisors, institutional representatives, traders and supervisors who are interested in learning more about margin trading. The course will review and reinforce some of the basic rules and concepts concerning the use of margin and why investors use margin. Representatives will also learn about minimum, initial and maintenance margin, as well as the different types of customer accounts used in margin trading and concepts concerning the use of margin and why investors use margin. The student will understand minimum, initial, and maintenance margin. Also, the student will learn the different types of customer accounts used in margin trading.

Training Topics

- Definition of Margin Account - Introduction to Margin Trading - Minimum Margin & Buying Power - Margin Call - Margin Trading Advantages & Risks

This course was developed to meet FINRA and MSRB continuing education requirements. It specifically addresses MSRB Rules G-15 and G-30 and FINRA Rule 2232 regarding the disclosure of mark-ups to retail investors of fixed-income securities. This course covers the rule amendments effective May 14, 2018 - not the prior versions of the rules, as students should already have an understanding of these rules. As such, for firms to which these rules apply, the rules should have been implemented by firms no later than May 14, 2018.

Training Topics

- Understand the difference between the MSRB and FINRA - Recognize changes to FINRA Rule 2232 (Customer Confirmations) - Recognize changes to MSRB Rule G-15 (Confirmation, Clearance, Settlement & Other Uniform Practice Requirements with Respect to Transactions with Customers) - Recognize changes to MSRB Rule G-30 (Prices & Commissions) - Understand the connection between Rules G-15 and G-30 - Implement the new disclosure as required by the MSRB and FINRA regarding retail investors of fixed-income securities and the inclusion of mark-ups on their trade confirmations

This course explains the SEC's Market Access Rule (Rule 15c3-5) and its importance in maintaining safe, fair, and orderly markets. You will learn how firm-level pre-trade controls protect both clients and the market, why orders may be delayed or rejected, and how your awareness supports compliance and market integrity. Real enforcement examples and practical scenarios show how your actions help safeguard market integrity and uphold regulatory expectations.

Training Topics

- Market Access Rule - Risk Controls and Oversight - Compliance Responsibilities

This course is intended for representatives, investment advisors, institutional representatives, traders and supervisors who have a well-rounded background in the issuance, distribution and risk analysis of conventional securities. Those taking this course should have an intermediate understanding of the securities markets and the wide variety of securities products that are offered for sale to investors. The objective of this course is to provide financial professionals with an understanding of the purpose and characteristics of structured products. To achieve this, the course reviews the investment nature of structured products discusses related financial risks and describes FINRA's regulatory role of protecting investors.

Market making is an important function in the stock trading industry. Market makers provide vital liquidity and ensure orderly markets. Furthermore, by reducing costs, increasing efficiency and broadening access, NASDAQ and its market makers have leveled the playing field for all investors, great and small. Market making requires a level of expertise and diligence not found in many firms. However, if these challenges can be met, a broker-dealer can earn substantial revenues and provide a very valuable service. This course provides an overview of the electronic communication network that links market makers together, as well as the varying price quotes and Market Maker Rules imposed by FINRA, NASDAQ and the SEC. Please note: This course includes audio on each page.

Training Topics

- NASDAQ - Electronic Communication Networks - Price Quotes - Market Maker Rules - FINRA - Market Maker Rules - SEC

This course is intended for registered representatives, investment advisors, institutional representatives, traders and supervisors who have a well-rounded background in investments. Those taking this course should already have a basic understanding of the securities markets. Market risk is the quantifiable likelihood that fluctuations in market prices will adversely affect the values of investments or assets held by an individual or entity. Though some analysts argue that it is possible for market fluctuations to positively affect the values of such holdings, the general understanding of risk emphasizes a negative change. This course introduces the main aspects of market risk and looks at how the factors affecting it can be managed. Also discussed are events that have impacted market risk historically.

Training Topics

- Introduction to Market Risk - Legislation and Compliance - Interest Rate, Re-Pricing & Option Risk - Exchange Rates and Currency Risk - Equity Price Risk - Market Risk Management - Hedging and Derivatives - Futures/Swaps/Gap Analysis - Nominal Exposures and Sensitivity Analysis - Value at Risk (VaR) - Modeling, Simulations and Stress Testing

This course provides investment adviser representatives with a practical and comprehensive overview of the SEC's Investment Adviser Marketing Rule. Participants will learn how the rule governs the use of testimonials, endorsements, and third-party ratings, along with performance advertising and hypothetical performance. The course highlights disclosure, oversight, and recordkeeping considerations, supported by real-world scenarios and recent enforcement examples. Designed for IARs in a variety of roles, this training focuses on actionable guidance to promote compliant, effective client communications. Upon completion, learners will be better equipped to avoid common pitfalls and support their firm's adherence to regulatory standards. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Marketing Rule - Third-party ratings - Performance advertising - Hypothetical performance - Recordkeeping

This course will review the original Markets in Financial Instruments Directive 2004/39/EC, known as "MiFID" before focusing on the revised Markets in Financial Instruments Directive (MiFID II), which replaced MiFID and the Markets in Financial Instrument Regulation (MiFIR).

Training Topics

- Legislative Authority for MiFID I and MiFID II - Difficulties with MiFID I - ESMA's Role in MiFID II - Goals and Themes of MiFID II - Broader Scope of MiFID II - Impact of MiFID II Outside of the EU - Expanded Rules and Requirements

This course outlines the markups dealers charge on securities sold from their inventories, including FINRA guidelines and information on bond trading

Training Topics

- What are markups - Why they exist - FINRA markup Interpretive Material, guidelines, and transparency - Markups on Fixed Income compared to Equities, Mutual Funds, etc. - Bond trading: How bonds are purchased, how prices are determined, how markups are determined / limits, bond sales

Master Limited Partnerships (MLPs) create a method for companies involved in the fossil fuel energy infrastructure of the United States to successfully and more easily raise capital to develop facilities geared towards enhancing and increasing the production, storage and distribution network for oil and gas throughout the country and globally. This course provides representatives with a broad overview of MLPs, highlighting its two-tier structure, as well as the risks and benefits associated with investing in MPLs. Additionally, this course discusses the unique tax benefits of limited partnerships.

Training Topics

- What are MLPs - History of MLPS - MLP Structure - Types of MLPS - MLP Taxation - MLP Benefits and Risks - Suitability Considerations

In this course, registered principals and registered representatives learn about mergers & acquisitions with regard to financial planning practices and the four new FINRA rules related to supervision and supervisory procedures. Advisors are always trying to grow their businesses. With the waves of older advisors coming upon retirement, mergers and acquisitions of books will happen more frequently. It's important to know when to sell, when to buy, and the how-to's of it all. It's also important to understand which FINRA rules apply to M&A activity and how to stay within the lines of those laws.

This course was developed for those with a basic knowledge of mergers and acquisitions (i.e., key terms and definitions, incentives for buying and selling). This course takes the next step by closely defining the roles of the Investment Banker throughout the M&A process. This course does not contain any legal or financial advice.

Training Topics

- Core Concepts - The Biggest Deals - Cost-Synergy - Buyers/Sellers - Attorneys/CPA - Business Broker -Intermediary - Document Handling - Confidentiality Agreements

This course has been designed for individuals involved in the M&A process, compliance officers, and other persons interested in the role of compliance due diligence. The course begins with a brief discussion of the mergers and acquisitions industry as it heads in to 2020, with a focus on Corporate M&A Strategy, Private Equity, and the factors that contribute to the success of a deal. The second section looks at compliance due diligence, a sometimes overlooked, but critical, step both pre- and post acquisition. The focus here is on compliance due diligence considerations, the evolution of the Foreign Corrupt Practices Act, and additional developments in U.S. and overseas regulation and enforcement.

This course was developed for those with a basic knowledge of mergers and acquisitions (i.e., key terms and definitions, incentives for buying and selling). This course takes the next step by closely defining the roles of each party and the documents for which they are responsible. This course does not contain any legal or financial advice.

Training Topics

- Introduction to the main players involved - Core documents relied on throughout the transaction

This course is designed to give registered representatives and supervisors an understanding of mergers and acquisitions (M&A) including why a company would want to merge, buy out another, or be acquired; the typical steps involved in the M&A process; the due diligence that the parties to a merger or acquisition should perform on one another; and a discussion of corporate inversions: a type of M&A deal that has received a lot of negative press and Congressional attention. The course uses real-world examples to illustrate different concepts, such as horizontal and vertical integration.

Training Topics

- Introduction and Course Objectives - Key Terminology - Motivations for Mergers and Acquisitions: Buyers and Sellers - Overview of the M&A Process - Corporate Inversions: The Controversial Side of M&A

This course is designed to give registered representatives and supervisors an understanding of mergers and acquisitions (M&A) including the motives behind M&A activity, the construction of the deal, major M&A activity between 2020 and 2021 with a focus on ESG due diligence and modern regulations.

This course was developed to address the ongoing concern of microcap securities fraud. Microcap securities are already subject to volatility and risk. Fraud in the microcap space causes even more risk to investors. Microcap securities are treated differently than small, mid, and large-cap securities, can trade off-exchange on the OTC marketplace with less regulatory oversight and less stringent requirements and are quickly accessible to investors. This course addresses the who, what, where, why, when and even how fraud has cast its shadow over microcap securities investing.

Training Topics

- Microcap Securities Review - OTC Markets - Fraud Schemes - Red Flags of Fraud - Rules and Regulations often Cited in Fraud Cases - Enforcement by the FBI, SEC, and FINRA - Whistleblower Programs

This course is intended for registered representatives and their supervisors that primarily work with retail clients. The course is intended to familiarize representatives on the terminology commonly used with these securities, as a means to better prepare them to explain these investments to clients. Money market instruments provide a vehicle by which institutions may invest funds on a short-term basis. There are a number of securities and banking arrangements that serve these needs. This course will focus on three of those instruments - commercial paper, certificates of deposit and bankers' acceptances.

Training Topics

- Commercial Paper - Characteristics of Commercial Paper - Certificates of Deposit - The Institutional Market - Bankers' Acceptances

The associated persons of broker-dealers have every right to invest and manage their own money any legal way they see fit. The full spectrum of investment options is available to industry professionals. However, the personal trading accounts of associated persons of broker-dealers are subject to disclosure, reporting and other restrictions. These rules are to ensure that associated persons do not take advantage of their position and gain an unfair edge on the investing public, and that any conflicts of interest are either avoided or disclosed. Failure to observe these rules could harm customers financially, and damage the credibility of a representative, a firm, or even the entire industry. Please note: This course includes audio on each page.

Training Topics

- Specific FINRA regulations regarding personal securities transactions - What accounts and securities are subject to disclosure - Procedures for reviewing employee trading

This course covers the amendments to MSRB Rule G-21 on Advertising and the new MSRB Rule G-40 Advertising for Municipal Advisors. By the end of the course, you should have an understanding of what qualifies as advertising, especially social media and electronic public forum usage, what types of entities are subject to the rules, and where the various regulators may overlap in advertising requirements.

Training Topics

- What is the MSRB? - MSRB Regulated Entities and Persons - Advertising Rule G-21 - New MSRB Rule G-40 - Frequently Asked Questions

This course is a study of Municipal Securities Rulemaking Board (MSRB) Rule G-43, Best Practices for Broker's Brokers. The rule is one that dictates expectations of duties and prohibited activities when dealers act as brokers for other dealers; or inter-dealer transactions in municipal securities markets. By the end of this course, you will be able to identify the role of a broker's broker in municipal market participation as well as the duties, responsibilities, and prohibitions on conduct of broker's brokers as well as understand the role of Automated Trading Systems under Rule G-43.

This course explores the everyday compliance risks that can arise in municipal advisory and underwriting activities. You will learn how using unapproved communication channels, making political contributions, bypassing supervision processes, or failing to disclose referral arrangements can create regulatory exposure for both you and your firm. Through real-world scenarios and practical guidance, you will understand how to avoid these missteps and ensure your interactions with municipal issuers remain compliant with MSRB and SEC rules. By the end of this course, you will be better prepared to protect your role, avoid conflicts of interest, and communicate within regulatory boundaries.

Training Topics

Communication Risks, Political Contributions, Supervision Lapses

This course gives registered representatives a clear look at how municipal advisor and underwriter responsibilities differ and why these differences matter for compliance in your everyday work. You will learn when Series 50 qualification is required to provide municipal advisory services, and how fiduciary duty differs from fair dealing standards. Through real-world scenarios, case studies, and interactive activities, you will see how casual comments can cross into regulated municipal advice and trigger enforcement risks. The course also covers unregistered municipal advice, dual capacity risks, role disclosures, and communication requirements, equipping you to stay compliant and protect your professional reputation.

Training Topics

- Role Clarity - Registration Triggers - Advisory Boundaries - Municipal Advisor - Fiduciary Duty - Fair Dealing - Dual Capacity Risks - Role Disclosure - MSRB Rules - Compliance Documentation

The MSRB recently introduced substantial updates to its rules related to the registration of reps and principals, as well as Continuing Education (CE) requirements. This course will cover the changes, which are designed to bring MSRB rules in alignment with FINRA requirements related to registration and CE. Two highlights are a new procedure developed by FINRA that will enable individuals to allow their registration to lapse for up to five years without needing to requalify by examination and the establishment of a new annual Regulatory Element CE requirement. This course is intended for financial advisers, underwriters, broker-dealers, and compliance professionals.

MSRB Rule G-42 sets forth municipal advisors' required standards of conduct and duties when engaging in municipal advisory activities, other than municipal advisory solicitation activities. This course provides a brief overview of the duties and obligations under G-42, disclosure requirements for conflicts of interest and prohibited municipal advisor activities.

This introductory course provides registered representatives with a better understanding of MSRB rules and risks as they relate to the municipal securities market. Specifically, this course outlines the MSRB's recent compliance advisory and offers background to suitability obligations, pay-to-play restrictions, risk considerations, the revised Series 50 examination and much more.

Training Topics

- Compliance Risk Highlights - MSRB Rule G-47 - MSRB Rule G-19 - MSRB Rule G-30 and G-18 - MSRB Rule G-37 - MSRB Rule G-17 - MSRB Rule G-23 - MSRB Rule G-20 - MSRB Rule G-27 - MSRB Rule G-2 and G-3

This course addresses the recently effective requirement for municipal advisers to register with the SEC and the MSRB, including what type of firm is (and is not) considered a municipal adviser, the MSRB rules that apply to municipal advisers, and the types of policies and procedures a municipal adviser firm should implement to be ready for MSRB oversight as a regulated entity.

This course is intended for municipal securities brokers, dealers, sales representatives, and other municipal finance professionals. This course provides municipal bond history and background to the establishment of the rule-making, self-regulatory organization known as the Municipal Securities Rulemaking Board (MSRB). You will learn about specific rules and regulations that govern municipal securities. The course follows municipal bond industry technological improvements and provides examples of rule changes and enforcement. General investment features, bond ratings, and risks associated with municipal bond investing are covered as well. Additionally, the course explores investor suitability, market transparency, and mandated disclosures.

Training Topics

- Municipal Bond Overview - Regulation - MSRB Enforcement - Two Common Types of Municipal Bonds - Risk Factors - Ratings Agencies - Bond Insurance and Credit Ratings - Interest Rate Risk - Investor Suitability

The municipal debt market is the primary means through which state and local governments can raise capital for infrastructure projects, such as the building of schools, highways, and other projects necessary for the proper functioning of a given community. In order to encourage investment in these products, income received from these bonds is federal income tax free and state and local income tax free to individuals living in the locality where the bond is issued. This course covers the credit risk of municipal issuers and the steps required to perform an adequate due diligence on the issuer of the security prior to investing in a municipal debt transaction.

Training Topics

- Overview of the Municipal Debt Market - Factors to Consider in Municipal Debt Credit Analysis - Case Study in Municipal Debt Due Diligence

This course is intended for registered representatives, supervisors, sales support staff, compliance staff, and compliance administrators interested in mutual fund income investing. When investing in mutual funds, investors may have the opportunity to choose among several share classes, most commonly Class A, Class B, and Class C. The differences among these share classes typically revolve around how much the investor will be charged for buying a fund. This multi-class structure offers the opportunity to select a share class that is best suited to meet an investor's investment goals. As a result, this course discusses share breakpoints and share classes, the different share classes, as well as which class division is best suited for varying investor scenarios.

Training Topics

- Breakpoints - Share breakpoints and share class - Class A, B and C Shares - No load funds - Wrap-fee accounts - Letter of intent - Rights of accumulation - Potential break point abuse - SEC, FINRA and NYSE Joint Investigation

This course is intended for registered representatives, supervisors, sales support staff, compliance staff and compliance administrators interested in mutual fund income investing. This course covers the various characteristics associated with A B and C share classes. It also explains how an investor's profile needs to be analyzed versus fund class fee structures to ensure that suitable recommendations are made to clients.

Training Topics

- What are Fund Class Shares - Basics of Mutual Fund Share Classes - 12b-1 Fees and Other Fees - Share Class Definitions - Class A Shares - Share Class Break Points - Rights of Accumulation - Letters of Intent (LOI) - Family and Related Account Discounts - Class B Shares - Class C or L Shares - No Load Funds - How Breakpoints Work - Suitability

This course provides an overview of mutual fund compliance requirements, including the rules governing retail and wholesale mutual fund transactions. Upon completing this course, attendees will have a better understanding of the regulations surrounding mutual fund compliance, as well as be able to identify and apply the code of ethics governing mutual fund transactions. Moreover, this course provides compliance officers and compliance departments with an overview of the responsibilities for creating a compliance system that provides a process to manage their firm's risks in regards to mutual funds.

Training Topics

- Continuous Primary Offering - Pricing / Benefits / Liquidity - Initial Investment / Professional Management - Diversification / Retail Compliance - Switching / Market Timing - Late Trading / Breakpoints - Letter of Intent (LOI) - Mutual Fund Dealer Agreement - Anti-Reciprocal Rule - Preferred Partnership Agreements - Non-Cash Compensation

This course covers the importance of applying mutual fund fee waivers that may be available to investors. Some mutual funds waive the front-end load (the commission or 'sales charge') on certain charitable and retirement accounts. When brokers fail to waive the fees or sell customers Class B and C shares that do not have upfront sales charges but are more expensive overall than Class A shares, FINRA violations occur. How this can occur - especially on a large scale, calls supervision into question. Please note: This course includes audio on each page.

Training Topics

- Review of mutual funds - Review of class shares - Relevant Disciplinary actions - Fines and fees - Breakpoints and discounts - Applicable FINRA rules - Supervisory requirements - Developing a plan

An overview of mutual fund classes, sales charges, rights of accumulation, letters of intent, charge waivers and selection of suitable fund classes based on investor profile and account type.

Training Topics

- Fees, Expenses, Loads and Share Classes - Breakpoints, Rights of Accumulation and Letters of Intent - Breakpoint Disclosure - Share Classes - Action Plan on Mutual Fund Sales Load Charges - Fund Class Suitability - Sales Charge Waivers After the Financial Crisis - Investment Adviser Disclosure Initiative

This course will look at suitability from several perspectives. First, we'll look at FINRA's basic rule regarding suitability. Second, we'll look at the SEC's recently implemented Regulation Best Interest (Reg BI). This regulation has generally superseded FINRA's suitability rule, but not in all cases. Then we'll look at sales charges, the difference between various classes of mutual fund shares and how these share classes relate to overall suitability, as well as the use of several types of sales charge discounts. Finally, we'll see that regulators don't just create regulations, they also enforce them, and there have been recent charges brought against firms and individual representatives who have failed to comply with these rules.

This course provides an overview of the practice of mutual fund switching from a suitability perspective, focusing on sales practices, suitability analysis and proper disclosure of risks and costs. The purpose of this course is to educate representatives as to what a mutual fund switch is, and how a switch can impact the investor and the broker-dealer. Switching may be a legitimate investment transaction with benefits to the investor. However, in some cases switching may be detrimental to the investor, and contrary to FINRA rules. This course will cover: the definition of a mutual fund switch, when switching may be appropriate and when it is not, FINRA rules governing mutual fund and investment activity, and case studies of switching gone wrong and the consequences.

Training Topics

- Switching vs. exchanging - Breakpoint considerations - Diversification without switching - Churning and excessive trading - Applicable FINRA Rules - Case studies involving unsuitable switching

This course is intended for registered representatives, supervisors, sales support staff, compliance staff and compliance administrators interested in mutual fund income investing. In this course, representatives will learn about the basics of mutual funds. This course discusses fund volatility, the creation of a fund, features and benefits and much more.

Training Topics

- Mutual Fund Ownership - Mutual Fund Guarantees - Volatility - Open-End Fund Characteristics - Fund Creation - Prospectus - Net Asset Value (NAV) - Dividends - Public Offering Price - Professional Management - Capital Gains - Liquidity - Redeeming Shares

This course is intended for registered representatives, supervisors, sales support staff, compliance staff and compliance administrators interested in mutual fund income investing. Investors have increasingly turned to mutual funds to save for education, retirement and other financial goals. With mutual funds, investment dollars of many investors are pooled together to purchase individual securities in a portfolio. This course will cover mutual funds, focusing on the topics of investment objectives and investment risk.

Training Topics

- Description of Mutual Funds - Mutual Fund Ownership - Investment Objectives - Index Funds - Fixed Income Funds - Money Market Funds - U.S. Government Funds - Municipal Funds - Stock Funds - Balanced and Asset Allocation Funds - Sector Funds - Hedge Funds and Managed Futures Funds - Risk and Return

Outside opportunities can blur the line between personal ventures and firm obligations. This interactive course guides financial professionals through FINRA Rules 3270 and 3280, explaining when to disclose and how to stay compliant. Using realistic scenarios, animations, and quick decision points, learners distinguish between Outside Business Activities (OBAs) and Private Securities Transactions (PSTs) - building the confidence to make sound, compliance-first decisions.

Training Topics

- Outside Business Activities, - Private Securities Transactions

This course offers a deep dive into fractional share investing, encompassing trading practices, regulatory obligations, and accounting implications within the finance industry. Designed for financial professionals and compliance officers, the course aims to provide comprehensive knowledge on how fractional shares transform investment strategies, the regulatory landscape governing these transactions, and their impact on financial reporting and compliance. Through structured lessons, participants will gain the skills and insights necessary to navigate the complexities of fractional shares effectively.

Training Topics

- fractional shares - investment - trade practices - finance - regulations - reporting and compliance

This course is built to help registered representatives navigate the best execution requirements in today's fast-paced trading environment. You'll explore what FINRA, and the SEC expect when it comes to making informed order-handling decisions, recognizing potential conflicts of interest, and understanding how different markets and venues can impact execution quality. With practical examples and regulatory context, you'll also gain clarity on how to communicate trade execution decisions and disclosures effectively, especially in volatile or after-hours markets.

This course examines the potential benefits and regulatory requirements that are associated with NUA tax treatments of lump-sum distributions from qualified retirement plans. Additionally, the course provides different scenarios designed to help advisers decide when it is appropriate to recommend NUAs as a tax savings option for individual clients.

As of August 1, 2019, broker-dealers who sell annuities in the state of New York will need to abide by the New York State Department of Financial Services Best Interest Regulation 187. This regulation involves life insurance and annuity products and officially amends the Suitability and Best Interests in Life Insurance and Annuity Transactions. Those who sell annuities in New York State will need to be aware of the new regulation and how it impacts their handling of annuities and life insurance products.

Training Topics

- What Transactions the Amended Regulation Will Affect - Life Insurance Policies Affected by Amended Regulation 187 - Annuity Policies Affected by Amended Regulation 187 - Exempted Transactions from Amended Regulation 187 - Summary of the Amended Regulation - How Amended Regulation 187 Affects Sales Transaction Recommendations - How to Satisfy New In-force Recommendation Standards - Obligations and Duties for Insurers Under Amended Regulation 187 - Insurers Subcontracting to Third Parties Under Amended Regulation 187 - Complying with Amended Regulation 187 - Practical Considerations for Broker-Dealers in New York

This course is designed to help NFA registered firms meet their ethics training obligations under NFA Compliance Rule 2-9. Each firm should have appropriately registered management personnel approve this material for use as part of the firm's documented procedures regarding ethics training.

This course is designed to help NFA registered firms fulfill their ethics training obligations under NFA Compliance Rule 2-9. This course provides an awareness of the laws, regulations, rules and ethical standards that govern the commodity futures industry in the United States.

Training Topics

- The laws, regulations, self-regulatory organization rules and regulated entities of the future industry - Just and equitable principles of trade - Acting in the best interest of customers - Obtaining and assessing customer information - Disclosure of material information to customers - Conflicts of interest - Supervisory systems and internal controls

This course delves into the NFA's pivotal role in maintaining market integrity, ensuring compliance, and safeguarding investors against fraudulent practices. Participants will explore the evolution of and current regulatory framework overseen by the Commodity Futures Trading Commission (CFTC), emphasizing the importance of ethical conduct and transparency. Through comprehensive modules, case studies, and practical insights, this course equips financial professionals with the knowledge and tools necessary to navigate the complexities of the derivatives market while upholding the highest ethical standards.

Training Topics

NFA Compliance CFTC Regulations Derivatives Market Ethics Investor Protection Fraud Prevention Ethical Conduct Market Integrity Compliance Guidelines Regulatory Oversight Self-Regulatory Organization (SRO)

This course is intended for registered representatives and their supervisors that primarily work with retail clients. The course will familiarize representatives on the terminology commonly used with these securities and prepare them with the tools necessary to understand and explain these investments to clients. This course will take a deeper look at Non-Traditional ETFs and define what they are, the size of the market, how they work and the different types. The course also explores suitable communications surrounding the sale of ETFs and appropriate supervisory systems.

Training Topics

- ETF Definition - ETFs and Non-Traditional ETFs - Size of the Market - FINRAs Recent Efforts to Guide Advisors - Revised Guidance from the SEC and FINRA - Communications to the Public - Supervision

Both New York City and New York State have long been committed to ensuring all individuals have an equal opportunity to enjoy a fair, safe and productive work environment. Laws and policies help ensure diversity is respected and everyone can enjoy the privileges of working in both the city and state. The purpose of this training is to set forth a common understanding about what is and what is not acceptable in the workplace.

Training Topics

- What is Harassment? - What is Sexual Harassment? - Sexual Harassment in the Workplace - The Supervisor's Responsibility - Investigation and Corrective Action - Additional Protections and Remedies

New York State has long been committed to ensuring all individuals have an equal opportunity to enjoy a fair, safe and productive work environment. Laws and policies help ensure diversity is respected and everyone can enjoy the privileges of working in New York State. The purpose of this training is to set forth a common understanding about what is and what is not acceptable in the workplace. Please note that this course only covers training requirements for New York State.

Training Topics

- What is Harassment? - What is Sexual Harassment? - Sexual Harassment in the Workplace - The Supervisor's Responsibility - Investigation and Corrective Action - Additional Protections and Remedies

This course is designed to educate registered representatives of both broker-dealers and investment advisers about the compliance risks associated with off-channel communications. Despite the numerous regulatory actions taken against firms and their employees, and the ever-increasing level of monetary penalties assessed, unmonitored business-related off-channel communications continue to plague the industry, and regulators continue their ongoing crackdown on these practices. The course uses a situational scenario, as well as actual FINRA and SEC disciplinary actions, to illustrate behavior that may lead to regulatory violations and subsequent fines and sanctions. Please note: This course includes audio.

Training Topics

- compliance risks - off-channel communications - FINRA - SEC - regulations - best practices

This course explores the regulatory risks of off-channel communication and provides clear, practical guidance to help financial professionals keep all business messages compliant. Through real-world examples and redirection strategies, participants will learn how to avoid recordkeeping violations and protect their firm, clients, and professional reputation.

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional interested in learning more about how to prevent online identity theft and what they need to do to ensure that they and their clients are not a victim of this crime. Identity thieves are stealing information from unsuspecting consumers in a number of ways. This course will show representatives how to spot some of the latest online identity theft scams targeting financial sector customers and how to avoid them. Please note: This course includes audio on each page.

Training Topics

- Impact of Technology - Growing Problem - Definition of Phishing - Thieves Mimicking Legitimate Websites - Trojan Horses - Hidden Software - How to Prevent and Protect Yourself from Online Identity Theft

This course is intended for registered representatives, investment advisers, institutional representatives, traders and supervisors who have a well-rounded background in alternative investments. Additionally, those taking this course should have an intermediate understanding of the securities markets and the wide variety of securities products being offered to investors. This course provides representatives with a general overview of options. The course focuses on the main strategies used in options training and imparts knowledge about strategies that must be used in order to earn a maximum profit. Much emphasis is placed on call selling, call buying, and put selling and buying, as these are the main elements of options.

Training Topics

- Introduction to Options - Calls and Puts & Participants - Definitions & Speculation - Hedging & Stock Options - How Options Work - Intrinsic Value and Time Value - Long-Term Options & Exotic Options

This course is intended to familiarize registered representatives and general securities supervisors with the rules regarding outside business activities and personal trading. It clearly defines what these activities can be and illustrates the importance of full disclosure and thorough supervision of these activities. FINRA's rule on outside business activities of an associated person provides regulatory guidelines for representatives to follow when engaging in a business activity that is not part of their work for the firm. This course will cover Rule 3270 and Rule 3280, outlining representatives' compliance responsibilities. Please note: This course includes audio on each page.

Training Topics

- FINRA's Rule on Outside Business Activities - Outside Business Activity Examples - Private Securities Transactions - Rule 3227, Rule 3270, Rule 3280 - Representative Considerations - Situational Example

This course provides an overview of the restrictions and disclosure requirements surrounding registered representatives' business activities and private securities transactions, outside the scope of their employment. It focuses on the necessity for registered representatives to follow the regulations and firm policies that surround these activities, regardless of compensation, and to disclose those activities on their Form U4. Please note: This course includes audio on each page.

Training Topics

- Scope of activities - Conflicts of interest - Preapproval - Disclosure

This course will review Outside Business Activities and Private Securities Transactions. In this course, a Registered Representative will gain a more in-depth understanding of what is and what is not considered an Outside Business Activity, as well as a better understanding of Private Securities Transactions. We will look at these topics from a FINRA Member Firm standpoint and from the view of a Registered Representative. This course will also preview real-life FINRA Disciplinary cases of Registered Representatives that were in violation of disclosing an Outside Business Activity and/or performed a Private Securities Transaction. This will add perspective on the importance of adhering to FINRA Rules 3270 and 3280. Please note: This course includes audio on each page.

This course provides an overview of the restrictions and disclosure requirements surrounding a wholesaler's business activities outside the scope of employment at the member firm. It focuses on the necessity for wholesalers to be familiar with, and follow, the regulations and firm policies surrounding outside business activities, regardless of compensation.

Training Topics

- Scope of activities - Conflicts of interest - Preapproval - Disclosure

This course is intended to familiarize registered representatives and general securities supervisors with guidance regarding their responsibilities when outsourcing compliance activities to third-party service providers. Additionally, the course defines activities and functions prohibited from being outsourced, as well as important features to include in all provisional contracts. Outsourcing can provide a number of substantial firm-benefits, including the ability to obtain professional counsel at a substantially lower cost than it may be to maintain an internal staff, as well as the benefit that your firm can focus on the core of its business, as opposed to secondary tasks.

Training Topics

- Accountability and Supervisory Responsibility for Outsourced Functions - Rule 3010, 3012, 3230 - Appropriateness of Outsourcing - Activities and Functions - Service Provider Contracts - Information Technology Security - Concentration of Outsourcing Functions - Termination Procedures - Regulator's and Intermediary's Access to Books and Records, including Rights of Inspection

This course provides an overview of high-yield bonds, which have, in some circles, been much maligned, receiving the dubious moniker of "junk bonds." However, when properly understood and deployed in a portfolio, high-yield bonds can provide the possibility of excellent returns with the trade-off of higher-than-average risk. This risk can be mitigated to some extent within the context of a well-diversified portfolio. More specifically, this course compares high-yield bonds vs. investment-grade bonds, discusses the benefits and risks of high-yield bonds, and covers ideal market investors.

Training Topics

- High yield bonds vs. Investment grade bonds - Credit Rating Agencies - High yield bonds Issuers - Benefits and Risks of High Yield Bonds - High yield bond market - High yield bond Investors - Taxation of High yield bonds

This course is intended to update registered representatives and investment advisers on their knowledge of private investments in public equities. Its purpose is to enable the representative or adviser to explain the risks, limitations and suitability aspects of private investments in public equities. In addition, this course ensures that the representative is familiar with the requirements imposed by the various SEC regulations and FINRA rules. This course will provide a history and overview of the PIPE market. Additionally, potential risks and rewards will be discussed, along with the various types of PIPES available and how a PIPE transaction takes place.

Training Topics

- Introduction to PIPEs - History of PIPE Market - PIPE Benefits - PIPE Risks - Typical Investors in PIPEs - Varieties of PIPEs - PIPE Transactions

This course is intended for registered representatives and their supervisors that primarily work with retail clients. The course will familiarize representatives on the terminology commonly used with these securities and prepare them to possess the tools necessary to understand and explain these investments to clients. This course explains the penny stock rules and a registered representative's sales practice obligations when recommending penny stocks. The course will reinforce the importance of disclosure and customer-specific suitability determinations.

Training Topics

- Definition of Penny Stock - Risks Associated with Penny Stock Investing - Unsolicited vs. Solicited Transactions - Suitability and Penny Stocks - Due Diligence Requirements - Customer Suitability and Penny Stocks - SEC Penny Stock Sales Practice Obligations - Penny Stock Fraud - Red Flags - Suspicious Activities - Penalties

The SEC adopted certain rules under the Investment Adviser Codes of Ethics 17 CFR Parts 270, 275 and 279. This course was developed to give an understanding of reportable transactions under the rules governing investment advisers.

Targeted phishing attacks are the most significant threats to organizations operating in today's digital business environment. This problem has costly consequences for organizations and is often the result of unprepared individuals at affected companies. We can reduce this threat by educating employees on the types of attacks happening today and becoming aware of how to deal with each scenario safely. This course will review common phishing attacks currently seen by organizations, discuss how they work and provide strategies to protect your organization from falling victim to one of these scams.

Training Topics

- Phishing Defined - Goals and Impact of a Phishing Attack - Phishing Techniques and Characteristics - Examples of Phishing Emails - How to Prevent Phishing Attacks

A recent report by Nielsen in collaboration with BoomAgers, shows that in five years, 50% of the U.S. population will be 50+. This unprecedented growth in the U.S. senior population will come at an expense. The purpose of senior needs planning is to identify and fund a specific and comfortable amount of net annual retirement income. This course is designed to help financial professionals understand the various risks and challenges today's retirees face and teach them how to develop a plan for their clients so they may sustain their lifestyles throughout retirement.

Training Topics

Retirement Income Needs - Mending the Gap - Projected Expense Method - Bridging the Gap - Reverse Mortgage - Inflation - Annuity Payout Options - Life Insurance - Legal Protection - Probate and Non-Probate Property

In an effort to prevent and discourage fraudulent, deceptive and manipulative practices, the SEC must continue to adapt regulation to changing market conditions. This course provides an overview of the statues and amendments that have been made over the years to help discourage these types of practices. Additionally, the course provides definitions of related terms, clarifies exceptions to the rules and provides cases studies to help users to better understand the political contributions and pay-to-play rules.

As a registered investment adviser, creating and managing portfolios is one of your top priorities. In this course, you'll learn what it means to be a fiduciary and what your obligations are as a fiduciary. You'll also learn about portfolio management procedures and how to fact find, create, and manage/maintain an effective portfolio for your clients. Additionally, the course covers client-imposed restrictions, the composite selection process, and the requirements on how to keep books and records in your practice.

Training Topics

- Fiduciary Obligations - The DOL Fiduciary Rule - The Importance of Being a Fiduciary - Portfolio Management Process - Important Considerations in the Portfolio Management Process - Constraints on Portfolio Selection - Composite Selection - Selecting a Composite/Index - Books and Records Requirements

This course provides investment adviser representatives and registered representatives of dually registered firms with practical, real-world guidance on complying with the SEC's Marketing Rule (Rule 206(4)-1). Through case studies, animations, and interactive exercises, learners explore what qualifies as an advertisement, the seven general prohibitions, performance advertising standards, testimonial requirements, and social media best practices. Participants will gain insight into SEC exam priorities and enforcement trends to strengthen compliance programs and protect clients and firms alike.

Training Topics

- SEC Marketing Rule - Registered Representatives - Performance Advertising Standards - SEC Exam Priorities

This course is intended for registered representatives, investment advisers, institutional representatives, traders, analysts and supervisors that work in the business of trading and client account management. In this course, representatives review some of the higher risk situations that make customer complaints more likely, as well as steps they can take to manage such situations to mitigate those risks. As in all aspects of the sales process, ensuring that recommendations are suitable for the client, and that all disclosures made about products, services, risks and fees are accurate, are vital components in avoiding customer complaints. Representatives will also review best practices for handling clients who are upset but have not submitted a complaint, and what to do and what not to do if a complaint is filed.

Training Topics

- Background - Mandatory Vacation Policies - Heightened Scrutiny of Red Flags - Protection of Systems and Risk Management Information - Supervision and Accountability - Intercompany Transactions - Churning - Mark-Up/Mark-Down Rules - FINRA Policy - The SEC Rule - Domination and Control - Insider Trading - Compliance Culture

This course discusses the topic of customer complaints from a preventative standpoint, emphasizing best practices that representatives can embrace to reduce the likelihood of a complaint. The course also looks at steps that can be taken with an unhappy customer to avoid negative escalation, without resorting to unethical or noncompliant solutions. Specific topics covered in this course include: recognizing, avoiding and managing a situation that may lead to a complaint, the importance of documentation in preventing complaints, the right way to handle a pre-complaint grievance to make escalation to a complaint less likely, and a review of what to do when a customer does lodge a complaint. Please note: This course includes audio on each page.

Training Topics

- Knowing the Basics - Mitigating the Risks - Steps to Recover from Identify Theft

This course is intended for retail representatives, institutional representatives, investment advisors, supervisors or any financial service industry professional. This course looks at the legal, financial, and compliance issues related to spreading of false information and rumors about an organization, company, or security. We will review the SEC's response to these topics and the steps regulators are taking to direct, manage, and minimize false information and rumor activity. Specifically, the course will look at some specific cases, FINRA Rules, and SEC involvement. Lastly, we will identify steps organizations should or must take to ensure their employees are not a party to the spreading of false rumors. All of the practices outlined in this course will help member firms avoid the pitfalls and potential problems regarding dissemination of untrue or misleading information.

This course is intended for retail representatives, institutional representatives, investment advisers, supervisors or any financial service industry professional interested in learning more about how to prevent personal identity theft and what they need to do to ensure that they and their clients are not a victim of this crime. Unfortunately, phishing is a growing way to steal someone's identity. And it's only one way. Identity thieves can take your personal information from your mailbox or your home. They can steal your wallet or purse or convince you to give out personal information. We all have to be on our guard. This course teaches you how.

Training Topics

- Identity Theft Description - Impact of Identity Theft - Security Measures You Can Take - Personal Information - How Do Thieves Steal Your Identity - Identity Safety Checklist

This course is intended for registered and non-registered employees and supervisors. The objective of this course is to help employees identify behavior that is considered sexual harassment. It will explain the legal issues and other consequences of sexual harassment, as well as each person's role and responsibility in creating a work environment free of harassment. The course will also state the actions to take in the case that an incident occurs.

Training Topics

- Definition of Sexual Harassment - Sexual Harassment is a Behavior - Harassment at Work - Real Examples - The Law - Different Perspectives - Intent vs. Impact - Risky Behavior - Types of Harassment - Confidentiality

This course is intended for registered representatives, investment advisors, institutional representatives, traders and supervisors who have a well-rounded background in the issuance, distribution and risk-analysis of conventional securities. Those taking this course should already have an intermediate understanding of the securities markets and the wide variety of securities products being offered to investors. Principal protected notes (PPNs) are a type of structured product and are debt obligations of an issuer. This course will provide an overview of the general investment features and associated risk factors of principal protected notes.

Training Topics

- Introduction and Definition - PPN Advantages - PPN Disadvantages - What is the Appeal / PPN Risk - Communications with the Public - Suitability /Training

This course is intended for registered representatives and supervisors involved in managing mutual fund accounts, who also have a solid understanding of mutual fund basics. This course provides an overview of the concepts of asset allocation in financial planning. The topics covered include the definitions of asset allocation and asset classes, the concepts of risk and how it relates to the asset allocation process needed to properly allocate the client's assets. The course also includes practical information on utilizing asset allocation within a variable annuity.

Training Topics

- Terminology - Types of Asset Allocation - Stocks / Bonds/ Mutual Funds - Variable Annuities - Reasons for Taking Risk - Volatility and Standard Deviation - Correlation - Diversification - Efficient Frontier - Rebalancing - Portfolio Theory - Investor Objectives

This course is designed for financial professionals seeking to enhance ethical decision-making and regulatory compliance by addressing conflicts of interest - situations where personal or secondary interests risk compromising the duty to act solely in the client's best interest. Using engaging narratives, interactive scenarios, and real-world case studies, you'll learn about key regulatory frameworks (including FINRA Rule 2010 and Reg BI) and practical tools - such as conflict inventories, neutral compensation structures, and clear escalation procedures - to effectively manage conflicts. Ideal for registered representatives, compliance officers, and others, this course provides actionable strategies to build a robust compliance culture, uphold ethical standards, and safeguard client trust.

This course outlines privacy and confidentiality rights and protections, as well as some of the latest threats and methods for protecting electronic data, including emails, wireless networks and mobile devices.

Training Topics

- Privacy rights - Confidentiality protections - Information security programs - Assessment of risk exposures and tolerances - Adoption of an information governance system - Creation of an information management program - Training - Limiting liability - Trend watching for new threats and developments

This course is intended for registered representatives, investment advisers, institutional representatives, traders and supervisors who have a well-rounded background in the issuance, distribution and risk-analysis of conventional securities. Those taking this course should already have an intermediate understanding of the securities markets and the wide variety of securities products being offered to investors. This course is designed to train financial professionals regarding SEC regulation of private investments in public equities. It outlines the PIPES transaction, the benefits of using PIPES, and describes different types of PIPES, including standard, pure, traditional, structured, and death spiral. Finally, it examines the drawbacks of some PIPES transactions, like overhang in the market, and warns investors and their advisors of potential pitfalls.

Training Topics

- Background on PIPES - Need for Regulation / Primary Offering - PIPE Advantages / PIPE Investors - Rule 144 - Convertible Bonds or Convertible Preferred - Common Stock - Registered Direct Common Stock - Equity Lines of Credit

This course is designed to give registered representatives and supervisors an understanding of private placement securities - that is, those securities that are qualify for exemption from registration under Regulation D. Representatives who recommend private placements, and the firm principals who supervise them, must have a working understanding of these offerings including their structure, how they are offered and to what type of investors, and their risks and suitability considerations. This course will also discuss recent changes to private placement regulation brought about by the JOBS Act of 2013.

Training Topics

- What is a Private Placement - Regulation D and its Rules - JOBS Act and Dodd-Frank changes - Compliance Considerations for Issuers, Broker-Dealers and Registered Representatives - Suitability

Private placements continue to be an extremely popular financing tool for companies. Volume 2 builds on knowledge of unregistered securities transactions gained in previous courses, Volume 1 (simply titled Private Placements) and the more in-depth Regulation D Private Placements. Those courses cover the SEC qualifications and rules around issuing unregistered private securities. This course, Volume 2 focuses on rules and concerns of the Financial Industry Regulatory Authority (FINRA). The course starts with a review of the purpose and who the investors are that purchase these private securities. The review defines accredited investors and revisits SEC qualifications. Moving into FINRA involvement, you'll learn how that organization regulates supervision, filings, and due diligence. The course also touches on regulatory actions, contingency offers, and sale of restricted securities under Rule 144.

Training Topics

private placements SEC qualifications Regulation D Financial Industry Regulatory Authority (FINRA)

Private placements offer attractive investment opportunities but also present unique risks due to limited transparency and regulatory oversight. This course provides securities professionals with essential guidance on conducting thorough due diligence and ensuring compliance with FINRA and SEC standards, specifically Regulatory Notices 10-22 and 23-08, as well as Regulation Best Interest (Reg BI).

Participants will gain a comprehensive understanding of the due diligence process, including evaluating issuer credibility, financial stability, management qualifications, and intended use of proceeds. The course emphasizes identifying and addressing potential red flags such as unrealistic return projections, conflicts of interest, and inadequate disclosures.

By completing this course, financial professionals will be well-equipped to make informed and compliant private placement recommendations that protect investors, mitigate risks, and align with regulatory expectations.

Training Topics

- Private Placements - Due Diligence - Regulatory Compliance - FINRA - SEC Standards - Risk Mitigation - Financial Stability - Conflict of Interest - Investor Protection _Regulatory Notices

This course is intended for all registered representatives, sales support staff, compliance staff, supervisors and compliance administrators interested in sales practice regulations. It is the responsibility of the sales representative to provide a professional and ethical approach to sales presentations. In short, ethics and professionalism will provide the necessary ingredient to a satisfied customer, a client who will remain with you for the rest of your career. This course provides the tools necessary to accomplish this goal.

Training Topics

- The Sales Presentation - Customer Needs - Solutions to Customer Needs - Questions and Objections - Three Mandatory Disclosures - Code of Conduct - Rule 2110 / Rule 2210 - Conduct on site at Financial Institutions - Customer Disclosure and Written Documentation - Communications with the Public - Rules on Supervision & Recordkeeping - Handling Complaints - Rules on Internet Usage

This course explores the transformative power of DEI within financial advisory firms, emphasizing its ethical implications and strategic advantages. Participants will gain a deeper understanding of how DEI principles foster innovation, enhance client relationships, and create equitable opportunities for employees. Through real-world case studies, actionable strategies, and regulatory insights, the course provides tools to integrate DEI into workplace cultures, client interactions, and long-term business strategies. This course empowers advisors, leaders, and compliance professionals to drive meaningful change, and position their firms as leaders in inclusivity and equity. By the end of the course, participants will be equipped with the knowledge and tools to create a more equitable financial ecosystem that benefits employees, clients, and the broader community. This course includes audio.
NOTE: This course contains IA-related material.

This course is intended for all registered representatives, supervisors, sales support staff, compliance staff, and compliance administrators interested in senior citizen suitability sales practice regulations. Protecting senior investors is a primary focus of securities regulators. This course provides a comprehensive overview of issues that confront seniors in approaching and managing retirement, unique characteristics of this market segment in making financial decisions, and recent regulatory advisories and actions that impact all who work in the financial services industry.

Training Topics

- Importance of Protecting Seniors - FINRA Sweep Results - Background on Senior Vulnerability - Recent Steps to Improve Senior Investor Protection - FINRA Sweep Objective and Priorities - Senior Definitions - Compliance/Supervisory Practices - Marketing and Advertising - Account Opening Practices - Education and Training - Senior Safe Act

FINRA Rule 2165 addresses the protection of 'specified adults,' including seniors. The Rule, as well as related amendments to books and records requirements in Rule 4512, impose requirements on FINRA member firms designed to avoid and mitigate the financial exploitation of seniors and other vulnerable adults.

Training Topics

- Background - Customer Accounts - Financial Exploitation - Specified Adults - Temporary Holds on Disbursements - Trusted Contact Persons - Diminished Capacity - Red Flags for Financial Exploitation

This course provides an overview of publicly traded REITs including their history, structure, benefits, risks, and suitability information.

Training Topics

- What is a REIT (Real Estate Investment Trust) - Overview of Publicly Traded REITs - Comparison of Publicly Traded REITs and Non Traded REITs. How are they different? - Types of Properties a Publicly Traded REIT can purchase - Management of Publicly Traded REITs - Publicly Traded REIT Taxation Overview - Fees in a Publicly Traded REIT - Benefits of Publicly Traded REITs - Risks associated with Publicly Traded REITs - Suitability for Publicly Traded REITs

This course discusses the benefits and risks associated with different types of rollovers, eligible assets, options for rollover destinations and providers, and the focus by regulators on rollover-related advertising. Please note: This course includes audio on each page.

Training Topics

- Rollover risks and benefits - The different types of rollovers - Regulatory Notice 13-45: firms' responsibilities concerning IRA rollovers - Rolling over to IRAs vs. to another employer-sponsored retirement plan - Rollovers to Roth IRAs - Rollover-related conflicts of interest - FINRA guidelines for rollover advertising

There are many rules and regulations that you as a registered representative must keep in mind when conducting business. They cover a wide variety of topics that you see every day and are related to sales practice issues, ethical decisions you make and even administrative and operational issues. This course discusses outside business activities, private securities transactions, form U4 disclosures, responding to compliance requests, providing accurate customer information, customer complaints and settlements, email handling, customer and firm funds, proper trade authorizations and conflicts of interest.

Training Topics

- identify some common regulatory requirements; - know how to meet you compliance obligations as you go about daily business; and - understand the potential consequences of failing to comply with firm policies and FINRA rules.

There are many rules and regulations that you as a registered representative must keep in mind when conducting business. They cover a wide variety of topics that you see every day and are related to sales practice issues, ethical decisions you make and even administrative and operational issues. This course uses scenarios adapted from actual FINRA disciplinary actions to remind registered representatives about their compliance obligations. Topics covered include: social media and public communications; trade authorizations; form U4 disclosures; outside business activities; private securities transactions; handling customer funds related to borrowing money from customers; and maintaining ethical behavior when fulfilling continuing education requirements.

Training Topics

- Social media and public communications; - Trade authorizations; - Form U4 disclosures; - Outside business activities; - Private securities transactions; - Handling customer funds related to borrowing money from customers; and - Maintaining ethical behavior when fulfilling continuing education requirements.

This course is intended for retail, non-registered branch employees. It will teach employees the skills required to make proper referrals, including the ability to identify prospects and the techniques of making the right referral introduction. This course will help employees by bringing consistency and accountability to the referral process, ensuring they are prepared to provide the best possible service to clients while helping them to better meet their financial needs. The course begins with describing the relationship between the financial institution and the customer. It describes the importance of building a relationship with customers and how that is most effectively accomplished. The overall objective of this course is to provide employees with the tools necessary to identify customers that are good prospects for making a referral.

Training Topics

- How to Make a Referral - Responding to Objections - Why Make a Referral

This course provides a practical understanding of Regulation Best Interest (Reg BI) and Form CRS, key SEC regulations designed to enhance transparency and protect retail investors. Learn how to meet compliance obligations while maintaining ethical and client-focused recommendations.

Who Should Take This Course?
Designed for registered representatives, broker-dealers, and compliance professionals who interact with retail clients.

Training Topics

- Core requirements of Reg BI and Form CRS - Best practices for client recommendations and disclosures - Real-world scenarios and interactive decision-making exercises - Consequences of non-compliance and risk mitigation strategies

This course is intended to provide information regarding the SEC's Regulation Best Interest (Reg BI) to registered representatives and principals of FINRA member broker-dealers. This course will closely review the text of the rule that applies directly to the obligations of the registered representatives and principals who supervise the activity that falls under Reg BI. Upon completion of this course, individuals should be able to identify the components of Reg BI, describe when Reg BI is applicable, and understand what registered representatives must do to comply with each provision of Reg BI.

This course is intended to connect the provisions of Regulation Best Interest's Care, Conflict, and Disclosure obligations with the recommendations surrounding the purchase and sale of Variable Annuities to retail customers by registered representatives of FINRA member broker-dealers.

Regulation SP Amendments: Ethics and Privacy is a one-hour, self-paced course designed for Investment Advisory Representatives. You'll explore the evolution of the Regulation S-P and the "Safeguards Rule," learn to recognize sensitive customer information, and assess its risk potential. Through real-world scenarios, you'll master a three-step breach response framework - recognize, escalate, notify - and develop client-focused communication strategies. The course then delves into fiduciary principles, such as care, loyalty, and diligence, to guide ethical decision-making, vendor oversight, and conflict mitigation. Finally, you'll implement practical controls, including 72-hour breach alert clauses and audit-ready documentation, ensuring your firm's data privacy measures are as robust and trustworthy as your financial advice. This course includes audio.
NOTE: This course contains IA-related material.

Training Topics

- Regulation S-P - Ethics

On June 5, 2019 the SEC approved a package of new rules and interpretations designed to improve transparency for retail investors. Included in this package are Regulation Best Interest (Reg BI), New Form Customer Relationship Summary (Form CRS), the Investment Adviser Interpretation, and a Solely Incidental Interpretation. This course will cover each of these rules in depth along with potential scenarios that one could encounter. Please note: This course includes audio on each page.

Since Regulation Best Interest (Reg BI) went into effect on June 30, 2020, broker-dealers are now held to a standard that is similar to the fiduciary responsibility that Registered Investment Advisers and their reps have been held to since the 1940s. The SEC and FINRA have observed that many firms have fallen short in terms of properly implementing Reg BI, and have brought forward various enforcement actions. This course will focus on three core topics: 1) The SEC's 2023 staff bulletin focusing on Care Obligation, 2) FINRA's 2023 report on examination findings related to the implementation of Reg BI, and 3) an overview of some recent regulatory actions brought by both the SEC and FINRA.

Regulation Best Interest (Reg BI) represents a significant shift in the regulatory landscape for investment advisors. This course is designed to provide investment advisors with a comprehensive understanding of Reg BI, its requirements, and how to effectively implement it in their practice. By mastering Reg BI, you'll not only ensure compliance but also enhance the quality of advice you provide to clients. This course includes audio.
NOTE: This course contains IA-related material.

This course is intended for broker-dealers and associated investment professionals. The SEC updated standards of conduct established by the Securities Exchange Act of 1934 through what is called the Regulation Best Interest or Reg BI. This course provides the background, purpose, and details of this more recent regulation. Topics include definitions and broker-dealer obligations of Reg BI, plus details of the new Client Relationship Summary (Form CRS). This course also provides practical suggestions and guidelines on how to comply with Reg BI. Upon completion of this course, individuals, including those responsible for firm policies and procedures, should understand the obligations under Reg BI and when those obligations are required.

This course is intended for broker-dealers and their firm supervisors. The SEC updated standards of conduct established by the Securities Exchange Act of 1934 through what is called the Regulation Best Interest or Reg BI. This course provides the background, purpose, and details of this more recent regulation. Topics include definitions and broker-dealer obligations of Reg BI, supervisor responsibilities, plus details of the new Client Relationship Summary (Form CRS). This course also provides practical suggestions and guidelines on how to comply with Reg BI. Upon completion of this course, individuals, including those responsible for firm policies and procedures and/or supervision of others, should understand the obligations under Reg BI and when those obligations are required.

This course is relevant for all financial investment professionals. SEC Regulation D contains rules under the heading of security registration exemptions. Regulation D rules allow companies to offer securities without having to register them under the Securities Act of 1933. Besides specific details of the underlying rules within Regulation D, this course includes background on SEC registration exemption rules and some general discussion of private placements. Additionally, the course addresses reporting responsibilities of those issuing securities under Regulation D and restrictions on reselling such securities. Course participants will also learn about the SEC's report to Congress on Regulation D performance and an SEC 2022 education bulletin about investing in unregistered securities offerings.

Training Topics

- SEC and FINRA Rules Governing Private Placements - Definition of Regulation D - Regulation D Exemptions - Private Placement Uses - Form D - Private Placement Memorandum - Private Placement Pros and Cons - Definition of an Accredited Investor - Contingency Offering

Regulation M is designed to prevent manipulation of market making activities by underwriters, issuers and other participants in securities offerings. The regulation is intended to strengthen the integrity and fairness of the markets by regulating the activities that could result in artificially raised prices or create an illusion of active trading in the market where little to none may exist. This course serves as a review of the key components of Regulation M. The course covers the six rules that comprise Regulation M, the history and necessity of the regulation, and FINRA guidance designed to help ensure compliance with the regulation. This course is geared towards intermediate learners who have a good understanding of the market making process as it relates to the capital markets

This course is intended for registered representatives and their supervisors regarding their required duties to understand the basic Rules of Regulation National Market System (NMS). Passed in 2005, The intention of Reg NMS was to improve the protection of the investing public through more trade transparency. This course describes the core Reg NMS Rules and related actions of the SEC and the Financial Industry Regulatory Authority (FINRA). Particularly SEC Rules 610, 611, and 612 of the Regulation are emphasized. The course begins with some background and development of the Regulation NMS legislation. The SEC specifically designed rules to govern the trading markets, creating a consolidated stream of information for all the trades of and quotes in the National Market System. Proposed amendments are included, along with samples of actions against Reg NMS violations. The overall objective of this course is to provide financial professionals with an understanding of the purpose and specific functions of Regulation NMS.

Training Topics

- Introduction to Trading - Creation of the National Market System - Description of the National Market System - How Trading Works - The Need for Regulation NMS - Rules 610, 611 and 612 - Networks Utilized To Send Data - Automated Trading Centers - Order Routers

This course provides firm members with a clear, practical understanding of Regulation S-P and the amendments that strengthen requirements for safeguarding customer information. You will learn how Regulation S-P protects customer information, what your responsibilities are when handling sensitive data, and how to spot potential issues, avoid common mistakes, and support your firm's efforts to keep customer information secure. Through real-world examples, updated regulatory expectations, and actionable guidance, you will gain the knowledge needed to handle customer information responsibly and compliantly.

Training Topics

- Customer Information Protection - Incident Response - Compliance Practices

This course presents the current status of U.S. regulation tied to crypto assets. It covers the types of products involved, the various regulators who claim jurisdiction, recent regulatory actions, and the risks and compliance issues associated with investments in these products. The course also covers anti-money laundering regulations that are specific to conducting business in crypto assets, including the concept of beneficial ownership and the requirements to collect, verify and maintain customer identity records. This course is appropriate for investment adviser reps, broker-dealer reps, compliance officers, and any individuals who need to increase their knowledge of this evolving field. Please note: This course includes audio on each page.

Training Topics

Crypto Assets - Regulation - Risks - Compliance - Anti-Money Laundering - Investment Adviser Representatives - Broker-Dealer Representatives - Compliance Officers

As remote and hybrid work environments become the norm, effective supervision remains a regulatory and ethical imperative. This course equips supervisors and registered representatives with essential knowledge to navigate FINRA's evolving expectations under Rules 3110.18 and 3110.19. Participants will learn best practices for remote supervision, secure communication, trading oversight, escalation, and compliance documentation. The course also addresses Residential Supervisory Locations (RSLs) and the Remote Inspections Pilot Program. Using practical scenarios and real-world examples, learners will strengthen their ability to maintain regulatory compliance and foster a strong culture of accountability across dispersed teams.

As we move through the Roaring Twenties of the 21st century, one thing that remains a constant is that things are ever changing. These changes require registered representatives to adapt, and to do so sometimes with little notice. The Secure Act of 2019 is one such law that dramatically changed the landscape of retirement planning, especially regarding required minimum distributions (RMDs). This course will serve as a refresher on the more common RMD calculations you are likely to encounter. We will also dive deeper into the opportunities the Secure Act has presented for you and your firm to separate yourselves from the competition in how to approach RMDs.

This course is intended for any investment professional, particularly anyone in or seeking an analyst role. Registered representatives, investment advisors, compliance staff, and supervisors also would benefit from taking this course. The course covers the world of investment research analysts from who they are to what they do. Topics covered include the profile, education, and functions of a research analyst; resources they may use to do their job; and the typical content of the reports they prepare. You will also learn about FINRA research analyst rules and registration requirements as well as how that role was involved in some interesting SEC cases.

Training Topics

- Investment Research Analysts - FINRA Research Analyst Rules - Registration Requirements - Registration Requirements

Conflicts of interest can arise when research analysts are employed by firms that also have investment banking, underwriting or other relationships with the issuers of securities that the research analysts cover. They can also arise when a research analyst owns the securities of a company he or she covers or has access to material non-public information that could lead to actual or perceived insider trading. While conflicts of interest cannot be entirely eliminated, they can be managed, and when present, clearly disclosed.

Training Topics

- Introduction - Definitions - Background - Separation of Research and Investment Banking Functions - Communications with Subject Companies - Restrictions on Publishing Research Reports - Restrictions on Personal Trading by Research Analysts - Disclosure Requirements

This course is a guide to helping customer service representatives stay clear of legal troubles. In this course, customer service representatives (registered representatives) will become better prepared for situations they may receive from retail customers. An industry background on the suitability process, product information, critical regulatory updates along with tips on avoiding being named in a complaint will be discussed in detail.

Training Topics

- Steps in the suitability process - Knowing the product - Variable annuities - Accumulation phase - Taxes - Annuitization phase - Decisional factors - Variable life insurance - Customer communications - Variable contract suitability issues

This course is intended for registered representatives and their supervisors that work in the area of retirement planning with clients. This course will look at the factors to be considered when determining how much money is needed to help clients meet their retirement goals. More specifically, this course will look at the time value of money, future income needed, future expenses, Social Security, employer sponsored retirement plans and self-employed retirement plans. The overall objective of this course is to provide financial professionals with a solid understanding of the process that needs to be utilized when looking at counseling clients to successfully work towards meeting their retirement goals.

Training Topics

- The New Retirement Profile - How Much Money is Required - Future Income Planning Techniques - The Time Value of Money - Retirement Expenses - Various Income Sources

This course is intended for registered representatives and their supervisors that primarily work with retail clients. Specifically, the course looks at the structure of reverse convertible securities, discussing the advantages and disadvantages that they offer to investors. The course will familiarize representatives on the terminology commonly used with these securities and prepare them with the tools necessary to understand and explain them to clients. The objective of this course is to give representatives a solid understanding of this investment vehicle by describing how they are structured and the types of investors that may have a need or interest in them.

Training Topics

- Introduction and Definition - Terminology - Knock-In Structure - Investor Examples - Advantages - Disadvantages - Disclosure and Rule 2210 - Sales Practice Standards - Investor Suitability - Supervision

This course introduces Registered Index-Linked Annuities (RILAs), one of the fastest-growing annuity products in today's market. You will explore how RILAs work, their features, benefits, and risks, and the regulatory expectations tied to recommending them. Through case studies, examples, and best practices, the course highlights how registered representatives can explain RILAs clearly, document recommendations, and align with Regulation Best Interest (Reg BI) and FINRA standards.

Training Topics

- RILA Basics, RILAs vs. Other Annuities - Regulatory Expectations - Best Practices for Reps

This course is intended for registered representatives and their supervisors that primarily work with the sale or service/support through Regulation D private securities offerings. Rule 144 is not a type of offering but rather a set of rules designed to maintain fairness and avoid fraudulent activity in the sale of restricted securities. The course begins with an introduction of the events leading up to the formation of Rule 144. The role of the SEC is defined discussing specifically what organizations must do to meet Rule 144 requirements. The next section defines Regulation D offerings, profiling typical investors in these securities, as well as the obligations of issuers. The sale of restricted securities in reporting companies by non-affiliates is examined along with filing requirements and holding periods. The final section of the course discusses restrictions placed on broker-dealers and their inability to solicit customers to buy or sell restricted securities. It also looks at the rules regarding holding periods for investors in these securities and the rights that they possess.

Training Topics

- Introduction and Historical Background - SEC's Role - Regulation D Defined - Rule 144 General Information - Affiliates - Restricted Securities Sales Provisions - Holding Periods - Volume Limits

This course is intended for registered representatives and supervisors that engage in the sale of securities that fall under Rule 144. Representatives and supervisors that are involved in the sale of these types of securities should be aware of the number of mandatory conditions that must be met for Rule 144's safe harbor to apply to a transaction. The objective of this course is to provide representatives with an understanding of Rule 144 Restricted Stock Sales. At the completion of this course, representatives will have a better handle of the Rule in general, including requirements of the issuer, such as the time period for which a person must own a security, the number of shares that may be offered and the holding period requirements.

Training Topics

- Rule 144 Definition - "Current Public Information" Requirement - Rule 144 Holding Periods - Rule 144 Volume Restrictions - Affiliate and Non-Affiliate - Sales Restrictions & Opinion Letters - Common Misconceptions - Safe Harbor & Private Placement Securities - Rule 144 Impact

This course is designed for institutional representatives and supervisors that engage in the private placement of securities with institutional and sophisticated investors. Private placements have become a key source of capital for issuers of securities who are organized outside of the U.S. and provide great opportunities for foreign issuers to quickly raise substantial amounts of capital. The course starts by defining the purpose, definition and requirements of Rule 144 as they pertain directly to the institutional market. The next section of the course discusses some of the key advantages for large institutional investors, as they are able to trade restricted securities more freely with other institutional investors without subjecting the issuing companies to SEC registration and disclosure. The course also provides representatives with the definition of a Qualified Institutional Buyer (QIB) and how they differ from other investors. Finally, the course concludes by educating representatives on solicitation rules, the secondary market trading and regulations and enforcement of private resale of restricted securities. The objective of this course is to provide representatives with an understanding of Rule 144 and how it pertains directly to the institutional market.

Training Topics

- Goal of Rule 144 - Definition of Rule 144 - Re-Sales Under Rule 144(a) - Due Diligence in Rule 144(a) Offerings - Rule 144(a) Requirements - Reasonable Belief Requirement - Notice Requirement - Non-Fungible Securities - Information Requirement for Non-Reporting Issuers - Solicitation Rules - Secondary Market Trading - Dual Federal-State System - Blue Sky Exemption - Enforcement Issues

This course is designed for registered representatives, supervisors, compliance staff, senior management and firm principals that are interested in, or involved in, the Sarbanes-Oxley imposed rules, which increased regulation of corporate governance, accounting and due diligence in publicly traded companies. The objective of this course is to educate students on the Sarbanes-Oxley (SOX) Act of 2002, which is considered by some in the financial services industry as one of the most significant pieces of legislation since the Securities Act of 1930. Course-takers will learn about the major provisions of the Act, the responsibility for corporate governance, and the internal controls that must be put in place in order for firms to comply.

Training Topics

- Purpose of the Act & Oxley and Sarbanes Bills - Major Provisions & Corporate Governance - New Rules and Regulations - Overview of PCAOB's Requirements - Internal Controls - Information Technology and SOX 404 - IT Controls, IT Audit and SOX - Cost of Implementation - The Future of SOX 404 Compliance

This course is intended for institutional sales representatives, their supervisors, sales support staff or any other financial service industry professionals involved with SEC Rule 153c-3 (The Customer Protection Rule) and Regulation T. The objective of the course is to educate employees on Regulation 15c3-3, which was designed to prevent all broker-dealers from utilizing customer assets for proprietary purposes. This course will provide an understanding of how this regulation impacts clearing and non-clearing firms, financially and operationally, as well as clarifies their respective responsibilities.

Training Topics

- Definition of the Rule & Net Capital Rule - Physical Possession or Control - FOCUS Report & Customer Protection Rule - Considerations of the Fully-Computing Methodology - Broker-Dealer Insolvency - Regulation T & Federal Reserve Board Definitions

The SEC's Large Trader Reporting Rule should be reviewed by corporations and individuals that exercise discretion over transactions in U.S. listed stocks and options. Affecting even a single trade can require a corporation or individual to register as a large trader. Rule 13h-1 requires large traders to register with the SEC by December 1, 2011 by filing Form 13H. Upon completion of this course, representatives will be able to define and explain SEC Rule 13h-1, be aware of trade and business criteria that would compel registration, assist in the implementation of 13h-1 policies and procedures and be better versed to monitor compliance with 13h-1 requirements. Please note: This course includes audio on each page.

Training Topics

- Rule 13H-1 Overview - Is your Client a Large Trader? - Exempt Transactions - Form 13H - Large Trader Rule 13H-1 Compliance