Course Code: 900

Duration: 1 day

Level: Basic

Fee: $795.00

Instructor: Mike Curley

CPE Credits: 7

Prerequisite: No Prerequisite Required.

This seminar provides an understanding of the mutual fund environment and its unique requirements. Participants will acquire a sound foundation in what constitutes a mutual fund, as well as the types of mutual funds that are offered and how they are purchased, distributed and redeemed. Also reviewed will be the regulatory bodies and corresponding regulations pertaining to mutual funds. Key mutual fund structures will be discussed.

Investment Act of 1940

Mutual Fund Concept

Capitalization

Net Asset Value (NAV)

Types of Mutual Funds

Mutual Fund Purchases

Types of Yield

Mutual Fund Redemption

Distribution of Mutual Funds

Use of the Prospectus

NASD Regulations

Customer Accounts and Services

Forms of Ownership

Federal Taxes

Purchases of Mutual Funds on Margin

Contractual Plans

Mechanics of Short Sales

Real Estate Investment Trust

Fixed and Variable Annuities

Assumed Investment Return

After completing this seminar participants should be familiar with the following:

• The Federal Regulation and the General Concepts of Mutual Funds. In addition, they will be able to calculate the net asset value based on the information supplied in the newspapers and identify the various types of mutual funds
  

• The methods of purchasing mutual funds as well as the redemption of mutual fund shares. Read and understand the prospectus of a mutual fund, the statement of policy and a review of the NASD rules concerning mutual funds
  

• The various methods of distributing mutual funds, understand the rules of contractual plans, front-end load vs. spread-load alternative and tax advantages of sub-chapter M of the Internal Revenue Code