Knowledge of Capital Markets
Knowledge of capital markets deck 1
Knowledge of capital markets deck 2
Knowledge of capital markets deck 3
Understanding Products and Their Risks
Understanding Products and Their Risks deck 1
Understanding Products and Their Risks deck 2
Understanding Products and Their Risks deck 3
Understanding Products and Their Risks deck 4
Understanding Products and Their Risks deck 5
Includes:
-fund's objective
-investment policies
-sales charges
-management expenses
-services offered
-1- 5- 10- yr performance history or perf over the life of the fund (whichever is shorter)
* 8 yr existence - show 1,5,8 OR 4 yr existence - show 1,4
Understanding Trading, Customer Accounts, and Prohibited Activities
Understanding Trading, Customer Accounts, and Prohibited Activities deck 1
Understanding Trading, Customer Accounts, and Prohibited Activities deck 2
Understanding Trading, Customer Accounts, and Prohibited Activities deck 3
Understanding Trading, Customer Accounts, and Prohibited Activities deck 4
1. Placement—This first stage of laundering is when funds or assets are moved into the laun- dering system. This stage is recognized as the time when illegal funds are the most suscep- tible to detection.
2. Layering—The goal of money launderers during this stage is to conceal the source of the funds or assets. This is done through a series of layers of transactions that are generally numerous and can vary in form and complexity.
3. Integration—In the final stage, illegal funds are commingled with legitimate funds in what appear to be viable legitimate business concerns. This can be accomplished using front companies operating on a cash basis, import and export companies, and many other types of businesses.
Understanding Trading, Customer Accounts, and Prohibited Activities deck 5
Freeriding is a term used when securities are purchased and then sold before making pay- ment for the purchase. Freeriding is generally prohibited in both cash and margin accounts.
As a penalty, the account will be frozen for 90 days and no new transactions can occur unless there is cash or marginable securities in the account before the purchase is made.
Overview of Regulatory Framework
Overview of Regulatory Framework deck 1
limited partnership unit
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A passive investment, such as the purchase of a limited partnership unit, is not considered an outside business activity. An associated person may make a passive investment for his own account without providing written notice to the employing broker-dealer.
Overview of Regulatory Framework deck 2
this would be permitted with FINRA's approval
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FINRA rules provide for the ability of registered representatives to operate out of their residence in what is known as a home office. Approval from FINRA is required and the same rules that apply to any branch office would apply here.
