This comprehensive continuing education course provides investment advisers with an in-depth examination of ethical principles, fiduciary responsibilities, and regulatory compliance requirements governing the investment advisory profession. The course explores the foundational concepts of investment adviser ethics established under the Investment Advisers Act of 1940 and their practical application in modern advisory practice.Participants will develop a thorough understanding of fiduciary duty requirements, including the duty of loyalty and duty of care, and learn to identify, disclose, and manage conflicts of interest effectively. The course emphasizes practical application through real-world scenarios, case studies, and current regulatory enforcement trends. Special attention is given to emerging challenges in the digital age, including technology considerations, cybersecurity requirements, and evolving client communication standards.
Common Compliance Deficiencies for Investment Adviser Representatives
This educational program, led by compliance lawyer Michelle Atlas-Quinn, provides a comprehensiveguide for understanding and addressing critical compliance issues. The program is structured into four parts: Understanding SEC and NASAA Examinations, Key Compliance Deficiencies, Practical Compliance Strategies and practical strategies for implementing effective compliance controls.Overall, the program aims to equip Investment Adviser Representatives with the necessary knowledge and tools to navigate and adhere to compliance requirements effectively.
Upon completion of this self-study guide, Beyond the Basics: Compliance and Product Knowledge for Private Placements, IPOs, Hedge Funds, and Alternatives financial professionals will be able to identify key ethical principles, fiduciary obligations, and regulatory requirements for complex products such as private placements, IPOs, hedge funds and alternatives. The critical nature of these topics and their impact on clients and advisers if not handled correctly are included in the course materials and case studies that are provided. Financial professionals will have a demonstrated increase in awareness and knowledge as measured by a post-course assessment or self-evaluation. Real life enforcement actions and guidance provided by the SEC and FINRA illustrate ethical dilemmas and proper conduct. Mastery of these principles protects not only the client relationship but also the adviser's professional reputation.
The course will review the basics of option investments before reviewing complex positions. The course will explain how options can be used to supplement existing stock positons.Specifically, the course will review hedging a long stock position with long put options and alsoteach students how to generate income by selling call options against an existing stock position. Next, the course will describe the strategies of selling uncovered calls and ratio call writing. The strategy, breakeven, gains, and losses of straddles and combinations will also be examined.Different types of spreads will be introduced, with a focus on vertical spreads and how they can beused to speculate, but also limit both gains and losses. The final part of the course covers index options and options on the Volatility Index (VIX).
This course is designed to help investment adviser representatives, supervisory principals,compliance professionals, and firm executives understand several new areas of focus of the U.S.Securities and Exchange Commission ("SEC") related to use of digital tools. The speaker willdiscuss the SEC's previous guidance and recent enforcement action against an investment adviserfor its supervised persons who used unauthorized messaging apps for business. The course willreview regulatory issues and best practices related to the SEC's new Marketing Rule for aninvestment adviser which utilizes client testimonials or third-party endorsements as part of its onlinemarketing. Finally, the speaker will explore possible regulatory issues associated with certain usesof artificial intelligence and the SEC's proposed rule for investment advisers using predictive andartificial intelligence technology.