This course assists participants in identifying compliance policies and procedures intended to meet the rules, regulations and requirements for open-ended funds as well as the companies, investors and advisors utilizing the products associated with the investment vehicle. This course will also address how to design a compliance program focused on preventing, detecting and correcting potential violations of the Federal Securities Laws.
Course Objectives
By the end of the course, participants will be able to:
- Identify Mutual Fund types and categories
- Describe the features and characteristics regarding the SEC laws and regulations and applicable FINRA rules as they apply to Mutual Funds
- Identify trends in Mutual Funds-passive versus active management
- Describe the operation of mutual funds
- Discuss securities lending and short selling in Mutual Funds
- Discuss proxy voting
- Develop an understanding regarding the impact to business units (operations) in light of Compliance requirements
- Relevant Investment Advisor Requirements
- Discuss the interaction between the product provider, regulatory agencies and consumer
- Review new Mutual Fund liquidity requirements
- Explain Rule 12b-1- Self Reporting Initiative
Suggested Prerequisites: None
Program Level:Foundational
Advance Preparation: None
Computers and Financial Calculators: N/A
Recommended CPE Credits: 7