I don’t have to ensure I am properly licensed in the states in which I am engaged in selling activities.

I do not have to disclose political contributions.

I am always allowed to conduct business related texting to save time.

NLD’s code of ethics does not apply to all it Registered Reps.

Money Laundering is considered harmless if it is under $500.

FINRA requires all member firms to develop a training program for registered persons and carry this training program out on an annual basis.

You are not allowed to participate in any cold calling.

Whistleblowers include employees of broker/dealer firms that witness fraud or other activities in violation of securities laws and regulations.

I don’t have to agree to the terms of arbitration if I don’t want to.

It is okay to trade on information that has not been released to the public if your manager gives you permission.

All fund marketing material must be reviewed and approved by NLD prior to first use.

NLD is required to routinely monitor e-mail messages – both received and sent – and you waive any privacy regarding these communications.

I am allowed to create a social media account so I can promote my business and communicate with other financial advisers and intermediaries.

A customer who exhibits a lack of concern regarding risks, commissions, or other transaction costs is throwing up a red flag.

I am not allowed to rent a helicopter to transport financial advisers and intermediaries I work with to a sales meeting.

The USA Patriot Act was signed into law in October 2001.

I must ensure I am familiar with and adhere to my firm's Code of Ethics reporting requirements.

Scammers never spoof telephone numbers in fraud schemes.

FINRA stands for: Financial Industry Rules Association.

I do not have to report personal gifts I receive.

Anti-money laundering (AML) refers to a set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions.

If I don’t complete my Regulatory Element or Firm Element CE on time, I could have my registration(s) terminated.

Northern Lights Distributors, LLC is a mutual fund distributor and broker/dealer.

NLD must report any code of ethics violations to the SEC upon their request.

Generally, money laundering occurs in three stages: placement, layering and integration.

It is possible for three reps at a firm to be sent 1 gift to share and it must be reported.

NLD may be required to produce e-mail messages in response to regulatory or litigation requests.

E-mails cannot be traced once they are deleted.

The Schwab Compliance Technologies system can be accessed anywhere you have internet access, even with internet service at your home or on your smart phone while standing in line waiting for your favorite latte to be made.

The interests of client accounts will be placed first always.