Equity Securities
Duration: 2.2 Hours. Common stock, preferred stock, rights, warrants, settlement dates, dividend distribution, voting procedures, American depositary shares, REITS and more.
Debt Securities
Duration: 2 Hours. Corporate bonds, bond pricing, calculating yields, bonds ladders, convertible bonds, bond ratings, CMOS, exchange traded notes, variable rate securities and more.
Government Securities
Duration: 1 Hour. Treasury bills, notes and bonds, Treasury pricing, STRIPS and receipts, Treasury inflation protected securities, agency issues and more.
Municipal Securities
Duration: 4.3 Hours. General obligation and revenue bonds, Industrial revenue bonds, double barreled bonds, Issuing municipal securities, the underwriting syndicate, competitive and negotiated offerings, underwriter’s compensation, eastern and western accounts, order allocation, syndicate operation and settlement, Legal opinions, political contributions, Municipal bond trading, out firm quotes, tax implications, confirmation requirements and more.
The Money Market
Money market operations, commercial paper, banker’s acceptances, repurchase agreements, government money market instruments, interest rates, LIBOR and more.
Economic Fundamentals
Duration: 1.2 Hours. Fundamental factors used in measuring economic activity, GDP, the business cycle, leading and lagging economic indicators, schools of economic thought, monetary and fiscal policy, the federal reserve board and more.
Options
Duration: 5.2 Hours. Option classification, calls and puts, managing an option position, calculating maximum gain loss and breakeven, time value and intrinsic value, using options to hedge long and short stock, straddles, spreads, combinations, index options, treasury options, currency options, American and European options, taxation and more.
Mutual Funds
Duration: 4 Hours. The investment company act of 1940, types of investment companies, open end and closed end mutual funds, diversification requirements, registration requirements, the role of the board of directors, investment adviser, custodian bank and transfer agent, calculating NAV and sales charges, no load funds, 12B1 fees, prospectus delivery requirements, investment objectives, valuing and pricing mutual funds, dollar cost averaging and more.
Variable Annuities
Duration: 2 Hours. Annuity registration and operation, accumulation and annuity units, annuity purchase and payout options, the assumed interest rate, suitability and taxation, sales charges and more.
Issuing Securities
Duration: 2.5 Hours. The securities Act of 1933, prospectus requirements, final, preliminary and free writing prospectuses, cooling off period, tombstone ads, free riding and withholding, underwriting corporate securities, types of underwriting commitments, underwriter’s compensation, private placements, Rule 144, Regulation A and S offerings, Rule 145,147, 415 and more.
Trading Securities
Duration: 3.2 Hours. The operations of the NYSE and NASDAQ, market orders, limit orders, stop orders and not held orders, the role of the NASDAQ market makers, the role of the designated market maker on the NYSE, short sale rules and regulations, NASDAQ subscription levels, OTC securities, the third market, the 5 percent markup policy, circuit breakers and more.
Customer Accounts
Duration: 2.5 Hours. Opening and servicing customer accounts, types of accounts, mailing instructions, holding securities, Regulation S-P, Identity theft, Day trading accounts, ABLE accounts, Regulation Best Interest, FINRA Rule 3241 and more.
Margin Accounts
Regulation of credit, Regulation T and the FRB, Calculating required deposits and minimum equity, SMA and excess equity, how to meet a margin call, combined margin accounts, securities backed lines of credit, minimum equity for leveraged ETFs and more.
Retirement Plans
Individual retirement plans, traditional, Roth and Sep IRAs, tax sheltered annuities, corporate plans, 401Ks, KEOGH plans, ERISA regulations, tax implications, Department of Labor Fiduciary rules and more.
Brokerage Office Procedure
Order execution, customer confirmations, execution errors, corporate, municipal and treasury settlement, RVP/DVP settlements, calculating accrued interest, rules for good delivery, buy-ins, sellouts, due bills, customer account statements and more.
Fundamental and Technical Analysis
2 Hours. Fundamental analysis, the balance sheet, income statement, industry fundamentals, top down and bottom up analysis, trend lines, market indicators, efficient market theory and more.
Direct Participation Programs
The structure of limited partnerships, oil and gas, equipment leasing, and real estate partnerships, the role of the general and limited partners, investment objectives, risks, tax considerations and more.
Customer Recommendations Professional Conduct and Taxation
Duration: 3 Hours. Professional conduct in the securities industry, fair dealing with clients, manipulative and deceptive devices, blanket recommendations, selecting suitable recommendations, borrowing and lending money, gifts and gratuities, outside employment, private securities transactions and more.
Securities Industry Rules and Regulations
The Securities Exchange Act of 1934, The role of the SEC, FINRA regulations and bylaws, Hiring new employees, U4s, U5s, continuing education requirements, FINRA Rule 2210 communications with the public, SIPC and more.
