SILA Securities Basics Course Outline
A.D. Banker & Company
This outline provides for 3 hours of lecture/content, a 15 minute break, and a 45 minute final exam (50
questions)
8:00 – 8:15am Introduction
A. Welcome
B. History of the Securities Industry

8:15 – 9:30 am
Basic definitions and Terms: SEC, SRO, NYSE, NASD, MSRB, FINRA,
NASAA
Overview of Regulation and Markets
A. Capital Market
B. Types of Securities – Debt vs. Equity
1. Types of Stock
a. Common
b. Preferred
2. Types of Bonds
a. Corporate
b. Government
c. Municipal
C. Securities Act of 1933
1. Issuing securities
2. The primary market
D. Securities Act of 1934
1. Registration of Broker- Dealer
2. Associated Person
3. The secondary market
a. Exchanges
b. Over the Counter
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SILA Securities Basics Course Outline
A.D. Banker & Company
E. Mutual Funds
F. Options
G. Insurance products
1. Variable Annuities
2. Variable life products
9:30 – 9:45 am Break
9:45 -11:15 am Registration and Regulation
A. Firm
1. Broker – Dealer
a. Form BD
2. Branch
a. Form BR
B. Investment Adviser
1. ADV PART 1
2. ADV Part 2
C. Individual
1.
2.
3.
4.
5.
Due Diligence
Brokercheck
NRF
Pre-hire/back ground check
Statutory Disqualifications
D. U4 – WebCRD System – Initial/Relicense/Amendments
1.
2.
3.
4.
5.
6.
7.
AG – Sec
RA – Inv Adv Rep
Disclosure Questions & DRP’s
Outside Business Activities (OBA)
Residential History
Employment History
3 year Employment Verification
E. FINRA Registration Types:
 Series 6
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SILA Securities Basics Course Outline
A.D. Banker & Company
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Series 7
Series 62
Series 22
Series82
Series 79
Series 55
Series 86
Series 87
Series 99
Series 26
Series 24
Series 4
Series 9/10
Series 27
Series 28
F. MSRB Registration Types
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Series 52
Series 51
Series 53
G. NYSE Registration Types
 Series 14
 Series 16
H. NFA Registration Types
 Series 3
 Series 31
I. NASAA Registration Types
 Series 63
 Series 65
 Series 66
J. Termination
1. Individual requirements – Form U5
2. Firm requirements (BD & IA)
a. Broker Dealer – Form BDW
b. Investment Adviser – Form ADVW
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SILA Securities Basics Course Outline
A.D. Banker & Company
K. Continuing Education
 Regulatory
 Firm
11:15 – 12:00pm Final Exam – 50 Questions
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