Security Futures Training - Module 5: Supervision of the Offer and Sale of Security Futures

Module 5: Supervision of the Offer and Sale of Security Futures, addresses issues relevant for persons who will be supervising personnel engaged in a security futures business. Firms must administer Module 5 to their appropriately qualified individuals before such persons can supervise security futures activity.

Content Outline


Security Futures Principals

  • General requirement
  • Qualifications for principals and representatives
    • Licensing
    • Examination modules
    • New candidates
    • Existing candidates

Hiring Employees

  • Review of securities and futures employment background

Annual Compliance Meetings


Account Approval

  • Specific approval required
  • Written procedures
    • Criteria used

Discretionary Accounts

  • Approval
  • Review of discretionary activity

Promotional Material and Correspondence

  • Review of correspondence
  • Review and approval of promotional material