NRS Course Catalog

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Showing results 161-170 of 175.

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 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.

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.

Unit Investment Trusts

Course Code: CE_UIT

Audience

Unit Investment Trusts (UITs) is directed to registered representatives, investment adviser representatives, and their supervisors. This course is appropriate for both new and experienced representatives involved in UIT transactions.

Course Description

UITs have many facets that should be explored before financial services professionals recommend them to their clients. UITs looks at some of the different characteristics of UITs - sales requirements, structure, and types of funds. The course also compares UITs with other types of investment companies and discusses the pros and cons of each. Additionally, the course explores the UIT rules and guidelines that the regulators are focusing on. After taking this course, students should have a solid understanding of UITs and the ability to help match clients with a suitable UIT investment.

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

Variable Annuity Sales Practices

Course Code: CE_VASP

Audience

Variable Annuity Sales Practices is intended for life insurance agents and registered representatives who would like to review suitability and disclosure requirements specifically related to the sale of variable annuities and FINRA Rule 2330.

Course Description

This course is an intermediate course for representatives who already hold life licenses and are active in annuity sales. The course's lesson on supervision is also appropriate for supervisors and sales representatives.

Variable Annuity Sales Practices highlights the suitability requirements that must be considered when recommending a variable annuity to a client.

This course outlines best practices to be used in selling variable annuities. It also reviews considerations when selecting optional benefits, allocating premiums to variable subaccounts, meeting retirement needs, and identifying types of clients for whom variable annuities may not be appropriate.

Representatives and supervisors should also take away an understanding of the regulatory requirements imposed under FINRA Rule 2330.

CFP Program ID: 200227     CFP Credit Hours: 1.00

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