Whistleblowers include employees of broker/dealer firms that witness fraud or other activities in violation of securities laws and regulations.
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.
FINRA requires all member firms to develop a training program for registered persons and carry this training program out on an annual basis.
The interests of client accounts will be placed first always.
I am allowed to create a social media account so I can promote my business and communicate with other financial advisers and intermediaries.
You are not allowed to participate in any cold calling.
All fund marketing material must be reviewed and approved by NLD prior to first use.
I must ensure I am familiar with and adhere to my firm's Code of Ethics reporting requirements.
If I don’t complete my Regulatory Element or Firm Element CE on time, I could have my registration(s) terminated.
NLD must report any code of ethics violations to the SEC upon their request.
It is possible for three reps at a firm to be sent 1 gift to share and it must be reported.
A customer who exhibits a lack of concern regarding risks, commissions, or other transaction costs is throwing up a red flag.
Generally, money laundering occurs in three stages: placement, layering and integration.
I am not allowed to rent a helicopter to transport financial advisers and intermediaries I work with to a sales meeting.
I do not have to report personal gifts I receive.
Northern Lights Distributors, LLC is a mutual fund distributor and broker/dealer.
NLD’s code of ethics does not apply to all it Registered Reps.
It is okay to trade on information that has not been released to the public if your manager gives you permission.
NLD is required to routinely monitor e-mail messages – both received and sent – and you waive any privacy regarding these communications.
Money Laundering is considered harmless if it is under $500.
Scammers never spoof telephone numbers in fraud schemes.
E-mails cannot be traced once they are deleted.
I don’t have to agree to the terms of arbitration if I don’t want to.
NLD may be required to produce e-mail messages in response to regulatory or litigation requests.
Anti-money laundering (AML) refers to a set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions.
The USA Patriot Act was signed into law in October 2001.
I don’t have to ensure I am properly licensed in the states in which I am engaged in selling activities.
I am always allowed to conduct business related texting to save time.
FINRA stands for: Financial Industry Rules Association.
I do not have to disclose political contributions.