InstructorTerri Hays
TypeOnline Course
PriceFree
Buy NowBook Now

Tuition Options

myUniversity™

PracticeEdge Elite™ Not included

Standard Tuition $400 US

Senior Fellow Heather Traeger, JD, CCO & Compliance Counsel, Teachers Retirement System of Texas


The secondary market for trading equity securities listed in the United States has changed dramatically over the past decade. Indeed, it continues to change with developments in technology and new regulatory mandates rooted in investor protection concerns and designed to maintain efficient and effective markets. Accordingly, asset managers have a multitude of options when considering how to obtain executions for client orders. They also have significant regulatory and fiduciary considerations that impact their handling of client orders. This course discusses those regulatory and fiduciary considerations in some depth, highlighting how asset managers can remain securely within the framework of the federal rules and regulations.

It begins by providing an overview of the U.S. national market system structure, current market centers, and a high level summary of the rules that enable investors to obtain information about the prices available at the various market centers. Following this overview, the course pursues a more detailed discussion of the rules that ensures investors have access to such information. It also reviews other trading-related rules and their impact on asset managers. Finally, the course studies trading-related conflicts that asset managers must consider and may have to disclose to their clients. In all, the course covers a wide swath of securities law, providing a solid introduction to trading and brokerage issues for asset managers.

 

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LEARNING OBJECTIVES

FACULTY

CREDIT INFO

ACCREDITATION

Students shall master the following within this class session:

  • Understanding the structure of the U.S. markets;
  • Understanding the general operation of the National Market System;
  • Differentiating between various trading rules applicable to asset managers;
  • Identifying trading-related regulatory obligations and restrictions for asset managers; and
  • Identifying conflicts that asset managers must consider as part of their trading.
  • Students should be conversant in basic market structure and trading issues upon completion of the course. Students should be aware of general legal and compliance risks associated with their trading as an asset manager.

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Senior Fellow from Practice:

Heather Traeger, JD, CCO & Compliance Counsel, Teachers Retirement System of Texas
Kris Easter, JD, Senior Special Counsel, SEC

 

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Accreditation Information

CLE Information

Credit Hours: 4
Subject Area: Professional Practice
States: Contact Curriculum Advisor For More Information

CPE Information

Credit Hours: 8
Subject Area: Accounting
States: Contact Curriculum Advisor For More Information

Course ID Number:  7070

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On-Demand Web Programs and Segments are approved in:

Alabama1, Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois , Iowa2*, Kansas, Kentucky*, Louisiana, Maine*, Mississippi, Missouri3, Montana, Nebraska, Nevada, New Hampshire4, New Jersey, New Mexico5, New York6,  North Carolina7, North Dakota, Ohio8, Oklahoma9, Oregon*, Pennsylvania10, Rhode Island11, South Carolina, Tennessee12, Texas, Utah, Vermont, Virginia13, Washington, West Virginia, Wisconsin14and Wyoming*.

Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.

Please Note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. RCA programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.

*RCA will apply for credit upon request. Louisiana and New Hampshire: RCA will apply for credit upon request for audio-only on-demand web programs.

1Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.
2Iowa:  The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.

3Missouri:  On-demand web programs are restricted to six hours of self-study credit per year.  Self-study may not be used to satisfy the ethics requirements.  Self-study can not be used for carryover credit.

4New Hamphsire:  The approval is for three years from recorded date.

5New Mexico:  On-Demand web programs are restricted to 4.0 self-study credits per year. 

 

6New York:  Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.

7North Carolina:  A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs. 

 

8Ohio:  To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us.  Online programs are considered self-study.  Ohio attorneys have a 6 credit self-study limit per compliance period.  The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.

9Oklahoma:  Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.

 

10Pennsylvania:  PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.

11Rhode Island:  Audio Only On-Demand Web Programs are not approved for credit.  On-Demand Web Programs must have an audio and video component.

12Tennessee:  The approval is for the calendar year in which the live program was presented.

13Virginia: All distance learning courses are to be done in an educational setting, free from distractions.

14Wisconsin: Ethics credit is not allowed.  The ethics portion of the program will be approved for general credit.  There is a 10 credit limit for on-demand web programs during every 2-year reporting period.  Does not approve of Audio-only On-Demand Webcasts.

 

Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.


If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.