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

You are not allowed to participate in any cold calling.

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

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

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 stands for: Financial Industry Rules Association.

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

E-mails cannot be traced once they are deleted.

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

I do not have to report personal gifts I receive.

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

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

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

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

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

I do not have to disclose political contributions.

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

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

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

The interests of client accounts will be placed first always.

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

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

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

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

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

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

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

Scammers never spoof telephone numbers in fraud schemes.

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

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