Futures Managed Funds Home Study Course (Series 31)
For securities brokers who limit their futures business to futures funds.
Passing the Series 31 exam allows registered representatives to receive
trailing commissions from their sales of futures fund interests without
having to take the Series 3 exam. 10-20 hours of study time is recommended.
Registration with the NASD as a General Securities Representative (Series
7) is a prerequisite!
Topics covered in this course include:
- General Market Knowledge
- General Regulations
- CPO/CTA Regulations
- CPO/CTA Disclosure Documents
- Know Your Customer Rule (NFA Rule 2-30)
- Disclosure by CPOs and CTAs Required for Upfront Fees
- Promotional Material (NFA Rule 2-29)