NRS Course Catalog

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Showing results 151-160 of 164.

Taxation - Introduction to Gains, Losses, and Income

Course Code: CE_TAX_IGLI

Audience

Taxation - Introduction to Gains, Losses, and Income is intended for retail representatives, institutional representatives, investment advisers, and any financial service industry professional interested in learning the tax consequences of the investments they may recommend.

Course Description

Although customers typically do not seek tax advice from securities representatives or investment advisers, these professionals must have an adequate understanding of the tax consequences of any product that they may recommend. This is particularly true when it comes to customers in higher tax brackets.

Taxation - Introduction to Gains, Losses, and Income is a basic level course that covers taxation with respect to ordinary income, passive income, and portfolio income. The course also covers the distinctions between short and long-term gains and losses versus income. Finally, the course concludes with an interactive exercise to instill the practical application of the lessons learned in this course.

CFP Program ID: 237745     CFP Credit Hours: 0.50

Taxation of Products and Strategies

Course Code: CE_TAXPS

Audience

Taxation of Products and Strategies is intended for retail representatives, institutional representatives, investment advisers, or any financial service industry professional interested in learning the tax considerations of various investment products and strategies that they may recommend.

Course Description

Although customers typically do not seek tax advice from securities representatives or investment advisers, these professionals must have an adequate understanding of the tax consequences of any product that they may recommend. This is particularly true when it comes to customers in higher tax brackets.

Taxation of Products and Strategies is an intermediate level course and covers taxation with respect to various products and strategies. The course presumes the reader has a basic understanding of products covered in the Series 7 General Securities exam, and should have a solid understanding of taxation basics regarding long and short-term capital gains and losses, as well as cost basis.

The course requires a minimal amount of calculations in order to demonstrate how to determine the appropriate tax consequences for particular investment products. The course demonstrates how to compare the tax yields of taxable versus nontaxable income, how to determine the tax consequences of bonds purchased at premiums or discounts, how income and distributions for investment companies are treated, and tax treatment of various forms of income, gains, and losses for different tax strategies. Finally, the course concludes with an interactive exercise to instill the practical application of the lessons learned in this course.

CFP Program ID: 234944     CFP Credit Hours: 1.00

Tenants in Common - 1031 Exchanges

Course Code: CE_TIC1031

Audience

Tenants in Common is intended for investment bankers, registered representatives, and other licensed securities broker/dealers who are interested in direct participation programs involving real property.

Course Description

Tenants in Common is designed to assist registered individuals in achieving a better understanding of the IRS Rule1031 - Tenants in Common material.

The 1031 exchange/tenants in common (TIC) industry is a highly specialized, very technical field that offers significant risk/reward opportunities for select accredited investors. The details about the tax consequences and implications of 1031 exchanges are covered in Internal Revenue Code (IRC) Section 1031. We review both Section 1031 and discuss how the tenant in common structure may be used to effect a 1031 exchange.

CFP Program ID: 237746     CFP Credit Hours: 0.50

Trade Reporting - Equities

Course Code: CE_TR

Audience

Trade Reporting - Equities is intended for the registered representative acting in an agent (broker) capacity, as well as individuals who work as dealers, such as market makers and specialists. Trade reporting is a relevant topic for any finance professional who interacts with customer orders, whether retail or institutional. This course, however, focuses on retail.

Course Description

This course explains the reasons why rapid and accurate trade reporting is such a significant objective on behalf of customers and how different factors such as rules, regulations, and the order flow process influence the execution of customer orders.

In addition, the concepts and behaviors of trade reporting are explained as well as the life of a customer order (how an order becomes a trade). Trade reporting rules implemented with the goal of focusing industry attention on best execution are also described.

NOTE: This course covers many different aspects of trade reporting; however, there are no sections dedicated to FINRA's Order Audit Trail System (OATS) for Nasdaq securities or to the Trade Reporting Compliance Engine (TRACE). FIRE Solutions has developed two companion courses - OATS: Trade Reporting and TRACE - dedicated to these topics. Students interested in a more in-depth review of either OATS or TRACE can find a description of these courses in the FIRE Solutions Course Catalog.

CFP Program ID: 234945     CFP Credit Hours: 1.00

Trade Reporting And Compliance Engine (TRACE)

Course Code: CE_TRACE

Audience

Trade Reporting And Compliance Engine (TRACE) is intended for the registered representative acting in an agency capacity, as well as individuals who work as dealers, such as market makers and specialists. Trade reporting is a relevant topic for any finance professional.

Course Description

The reader will gain a better grasp of the reporting requirements for TRACE-eligible securities. This course outlines the trade reporting rules implemented to provide market transparency in the fixed income market. This course also describes underwriting obligations under FINRA's TRACE reporting rules.

CFP Program ID: 237747     CFP Credit Hours: 0.50

Trading Equities I: Fundamentals and Systems

Course Code: CE_TE

Audience

This course is intended for registered representatives who are starting a career in market making or trading equities in the Nasdaq market, or for registered representatives and financial professionals who wish to learn more about this side of the business.

Course Description

Trading Equities I: Fundamentals & Systems introduces the basics of trading in the over-the-counter and listed equity markets. Lesson 1 includes a discussion of key systems, key players and their roles, and the relevant OTC, Nasdaq, and listed securities rules and regulations that apply to both investors and professional traders. The two most prevalent trading systems - SuperMontage and ECNs, are highlighted in Lesson 2.

Trading Equities II: Tools and Trading Language

Course Code: CE_TE2

Audience

Trading Equities II: Tools & Trading Language is intended for registered representatives who are starting a career in market making or equities trading in the Nasdaq InterMarket (formerly known as the third market). It is also appropriate for registered representatives and financial professionals who wish to learn more about this side of the business.

Course Description

This course introduces registered representatives, prospective traders, financial professionals, and anyone interested in the stock market to the basics of trading in the over-the-counter and listed equity markets. It includes a discussion of trading fundamentals and trading language that apply to both investors and professional traders. This course is not only an invaluable introduction to the equities business but also serves as the first step toward becoming a successful, disciplined, savvy, and profitable stock trader - all while maintaining a firm grasp on the vital rules and regulations that govern the equities trading environment.

Traditional IRAs and Rollovers

Course Code: CE_IRA

Audience

Traditional IRAs and Rollovers is designed to meet Firm Element Continuing Education standards for registered representatives who open retirement accounts for retail investors and guide them on issues related to retirement savings. Because the course discloses regulatory concerns surrounding IRAs, supervisors will also find this course helpful.

Course Description

This course describes the creation and use of traditional IRAs and how they can be applied to your clients' retirement and estate planning. In addition, the course outlines the components that can serve as a guide when an investor is selecting between traditional IRAs and Roth IRAs for new investments, or is considering a rollover. Certain tax implications are discussed, as well as recent regulatory guidelines concerning IRAs and suggestions for ensuring that firms and registered reps are in compliance. Finally, the course outlines recent Department of Labor regulations regarding ERISA Fiduciary status and how they apply to IRAs.

CFP Program ID: 234946     CFP Credit Hours: 1.00

U.S. Government Bonds

Course Code: CE_USGB

Audience

U.S. Government Bonds is suitable for registered representatives who are looking for an overview of why the U.S. government issues bonds, as well as how bonds are traded.

Course Description

U.S. Government Bonds describes how the government issues debt securities and how these securities trade in the secondary market.

Variable Annuity Basics

Course Code: CE_VAB

Audience

This introductory course on variable annuities is intended for registered persons or investment advisers who have an understanding of investment products and want to understand the basic principles of variable annuities.

Course Description

This course is designed to give you an overview of variable annuities and their costs. Variable annuities are not designed for all investors. Before recommending a variable annuity to a customer, you must fully understand the product and the customer's situation and objectives. Since a variable annuity's cash value fluctuates based on the investment options to which contract owners have allocated their premiums, you must be especially careful about how you describe variable annuities to customers.

Variable Annuity Basics explains the basic characteristics of variable annuities, the different types of annuities, and how to manage a variable annuity's cash value after purchase. The expenses of a variable annuity are described, as well as both the living and death benefits. The importance of the prospectus is emphasized, along with information about a great selling tool, the free-look provision. The course also describes the risks and costs of variable subaccounts and how to help your clients choose a suitable variable subaccount using a risk-return matrix.

CFP Program ID: 200228     CFP Credit Hours: 1.00

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