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