MILWAUKEE – Quest CE, premier provider of compliance training and tracking technology solutions, today announced the addition of the new Firm Element course, “Mutual Fund Suitability Under FINRA and SEC Rules,” to its e-learning catalog.
This course will discuss mutual fund suitability from several different angles, starting with a look at FINRA’s basic rule regarding suitability. The course will also dive into the SEC’s recently implemented Regulation Best Interest (Reg BI) standard, which has, in some cases, superseded FINRA’s suitability rule.
The course additionally discusses sales charges, the difference between various classes of mutual fund shares and how these share classes relate to overall suitability, as well as the use of several types of sales charge discounts. The course wraps up by sharing some recent regulations that have been enforced against firms and individual representatives who have failed to comply with the rules.
Course Topics Include:
- FINRA’s General Suitability Rule 2111
- Suitability Obligations
- Suitability for Institutional Customers
- The SEC’s Reg BI
- What is a recommendation?
- Who is a retail client?
- What does Reg BI require of broker-dealers?
- Reg BI and the Care Obligation
- FINRA Suitability and Reg BI
- Non-cash compensation and Sales Contests
- Share Class and Suitability
- Class A, B & C Shares
- Reg BI and Mutual Fund Sales
- Sales Charge Discounts and Waivers for Investment Company Products
- FINRA Examination Results Regarding Suitability
- Recent Violations
For questions regarding this or other Firm Element courses, please contact a Quest CE Sales Executive at 877-593-3366 or e-mail sales@questce.com. To view Quest CE’s Firm Element course catalog, click here.
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About Quest CE
For over thirty years, Quest CE has been the premier provider of compliance training and tracking solutions to the financial services industry. In addition to offering on-demand insurance and designation continuing education, Quest CE provides a complete spectrum of proprietary technology solutions for managing compliance risk exposures.
Serving more than 2,000 leading insurance carriers, broker-dealers, banks, and other financial institutions, Quest CE is committed to providing advanced custom solutions at cost effective rates, while providing a level of service that greatly surpasses that of our competitors. Quest CE is the single source solution for organizations’ training and compliance needs. For more information on Quest CE, visit www.questce.com.
