NRS Course Catalog

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Showing results 111-120 of 168.

Opening New Accounts

Course Code: CE_ONA

Audience

Opening New Accounts is intended for retail representatives, institutional representatives, investment advisers, and other financial service industry professionals interested in learning the basic requirements for opening a new account.

Course Description

Opening New Accounts is a basic level course and covers the essentials of gathering required information, making required disclosures, delivery of required notices, and adherence to books and records requirements. This course provides the student with the ability to describe the characteristics of various types of accounts and assign the proper designations.

Additionally, the procedures for processing and validating accounts transferred into your firm are explained. The course concludes with interactive exercises to instill the practical application of the lessons learned.

Operations Supervision

Course Code: CE_OS

Audience

Operations Supervision is relevant for operations supervisors and principals involved in monitoring firm back-office activities. This course is also appropriate for both new and experienced registered representatives interested in the processing of account transfers and other back-office activities.

Course Description

This course provides an overview of regulations involving the operation of a brokerage firm and a supervisor's role in monitoring and evaluating back-office activities. The course reviews detailed aspects of clearing agreements, selling agreements, and ACATS transfers. Finally, it explores FINRA and SEC record-keeping requirements.

CFP Program ID: 234734     CFP Credit Hours: 0.50

Options - Current Regulatory Concerns

Course Code: CE_OPTIONS

Audience

Options - Current Regulatory Concerns is an intermediate to advanced level course that presumes the reader has a basic understanding of options, their terms, and functionality. This course is appropriate for representatives or advisers who recommend options or option strategies, as well as their supervisors and the operations personnel who support them.

Course Description

Options - Current Regulatory Concerns covers options related issues identified by regulators as advisable for Firm Element CE training as well as topics that will be the focus of regulatory exams. The concerns and issues of FINRA, the CBOE, and the OCC are addressed.

Since options are a complex and often misunderstood trading tool, regulators have responded with rules that cover virtually every issue concerning options. From determining suitability before an investor even starts using options to enhance his or her portfolio, to providing disclosures once the investor has signed on, to reporting and coding options and closing and exercising, there is a myriad of regulations to follow. This course discusses these regulations and also includes new positions in flex options, and new rules for cabinet trades, while at the same time calling your attention to one of the newer of options --- the Weeklys. In addition, we explain how the random method of choosing the short position option contracts is handled.

CFP Program ID: 237735     CFP Credit Hours: 0.50

Outside Business and Personal Trading Activities

Course Code: CE_OBPTA

Audience

Because all individuals associated with a FINRA member firm are required to comply with FINRA Rule 3280, Private Securities Transactions of an Associated Person, and FINRA Rule 3210, Transactions for or by Associated Persons, this course is intended for all employees of broker/dealers.

In addition, registered persons are also required to comply with FINRA Rule 3270, Outside Business Activities of Registered Persons, and will therefore, also benefit from the section of the course dealing with outside business activities.

Supervisors and compliance personnel may find this course beneficial in developing firm policies and procedures, and in ensuring all employees are in compliance with the rules.

Course Description

This course explains the requirements of three rules:

  • FINRA Rule 3270 - Outside Business Activities of Registered Persons
  • FINRA Rule 3280 - Private Securities Transactions of an Associated Person
  • FINRA Rule 3210 - Transactions for or by Associated Persons

Students enrolled in this course will take away a solid understanding of what is required when they work outside their firm, deal in securities for others outside their firm, or invest for their own accounts outside their firm. The course also provides case studies of individuals who failed to adhere to the rules and the disciplinary proceedings brought against them.

CFP Program ID: 237736     CFP Credit Hours: 0.50

Preventing Illegal Resales of Restricted & Unregistered Stocks

Course Code: CE_PIR

Audience

Preventing Illegal Resale of Restricted and Unregistered Stocks is an intermediate level course specifically designed for retail and institutional sales representatives, their supervisors, and sales support staff. It is also appropriate for other financial service industry professionals interested in the sales practices and regulatory issues related to the unregistered resale of restricted stock. The course presumes a solid understanding of SEC Rule 144, 144A, and its resale provision for restricted stocks.

Course Description

Where SEC Rule 144 and 144A covers the proper resale of restricted stock, this course illustrates a firm's obligations to detect and investigate abusive practices related to the unregistered resale of restricted stock.

This course looks at the types of activities that are considered a "red flag" for suspicious activity that should prompt an investigation. Under SEC Rule 144, firms have specific investigation obligations determining when the firm knows or should have known about suspicious activities. Finally, the adoption of adequate policies, procedures, and supervisory controls help in preventing a firm from unwittingly becoming a participant in the illegal distribution of unregistered and restricted stock into the public markets.

CFP Program ID: 237737     CFP Credit Hours: 0.50

Preventing Sexual Harassment

Course Code: CE_PSHIW

Audience

This course is intended for registered representatives and supervisors who wish to understand legal prohibitions against sexual harassment in the workplace and the limits of acceptable workplace behavior.

Course Description

Sexual harassment in the workplace is an issue every employer and every employee must address. It is also an issue that is pervasive, yet difficult to define. This course discusses the rules and cases that define sexual harassment, and includes some specific cases to illustrate each definition. Additionally, it describes the different types of sexual harassment as well as the subjective nature of sexual harassment law. The course will help supervisors identify the essential elements of a sexual harassment policy and demonstrate why a comprehensive, written, and universally understood sexual harassment policy is necessary for the workplace. Finally, the course outlines how a sound sexual harassment policy is best followed and enforced when people at all levels of a company are involved, and how it protects a both the individual employee and the employer.

Privacy Protection Rules

Course Code: CE_PPR

Audience

The Privacy Protection Rules course is a useful tool for all employees of firms required to comply with the Gramm-Leach-Bliley Act, Regulation S-P, Regulation S-AM, the Fair Credit Reporting Act, and the FACT Act Red Flags Rule.

Course Description

Privacy Protection Rules detail primary rules and best business practices that all employees of a financial services firm should adhere to in order to maintain the confidence of their clients by protecting their financial information.

This course identifies rules outlined under the Gramm-Leach-Bliley Act, the SEC's Regulation S-P, and Regulation S-AM that specifically apply to financial services firms. Details of these rules are discussed and include the process for notifying clients of the firm's privacy policies, how to explain the "opt-out" feature of the privacy rules, and the employee's role in protecting client information.

CFP Program ID: 234910     CFP Credit Hours: 1.00

Private Placement Securities

Course Code: CE_PPS

Audience

Private Placement Securities is intended for registered representatives, investment adviser representatives, their supervisors, and others interested in learning about private placements.

Course Description

This course familiarizes you with private placements offered under Regulation D. It describes the three different exemptions that may be used to issue private placements, defines an accredited investor, and looks at factors that should be taken into account when dealing in private placements.

Private Placement Securities also delves into the requirements a broker/dealer must fulfill before offering private placements to prospective investors, and how private placements may be marketed. It also provides insight into the private placement memorandum that is delivered to clients in some offerings, and the investment letter that clients are required to sign.

Finally, the course looks at some of the current concerns of investors, broker/dealers, and the regulators regarding private placements.

NOTE: FIRE Solutions has developed companion courses, Private Placements Underwriting and Rule 144, both of which provide further insight into the offering of restricted securities.

CFP Program ID: 234912     CFP Credit Hours: 1.00

Private Placement Underwriting

Course Code: CE_PPU

Audience

Private Placement Underwriting is intended for financial services professionals interested in learning about the issuance of private placements. Students taking this course should have a general understanding of private placements and the standards that define an accredited investor. This foundation information is covered in our companion course, Private Placement Securities.

Course Description

Although underwriting is a complex process, it is also a rewarding one that deserves exploration. By participating in the underwriting process, you can raise much-needed capital that helps small businesses get off the ground or expand.

This course breaks down the private placement underwriting process. We first look at what constitutes a private placement and explore Regulation D. "Underwriting" is then described along with some underwriting methods. Finally, we explore the steps involved in underwriting an issue, including the marketing and handling of offering materials.

CFP Program ID: 237738     CFP Credit Hours: 0.50

Public and Private Offerings - Regulatory Concerns

Course Code: CE_PPORC

Audience

Public and Private Offerings - Regulatory Concerns is intended for registered representatives, investment advisers, investment bankers, underwriters, and institutional representatives and their corresponding supervisors. Since this course is a review of the most recent rule updates related to new offerings, it presumes the student has a basic understanding of the new issue process for both public and private offerings.

Course Description

FINRA has recently implemented various rule changes that clarify and outline firm obligations for the distribution of new issues, both public and private. Public and Private Offerings - Regulatory Concerns details these concerns to reduce the risk of improperly offering these securities to public or private investors.

The course begins with a review of the SEC sweep results that exposed abuses in broker/dealer self-offerings and discusses the resulting FINRA Rule 5121 - Public Offerings of Securities with Conflicts of Interest. The course then covers the recent changes in Rule 5110, Compensation to Underwriters, and the amended rule to FINRA Rule 5131. FINRA Rule 5141, which seeks to protect the integrity of the fixed price offering process, is also reviewed, as well as the new FINRA Rule 5123 regarding private placements. Finally, this course defines the term "private placement" and describes when a firm is obligated to investigate a private placement issuer.

CFP Program ID: 234924     CFP Credit Hours: 1.00

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