Course Catalog

Ethics

Futures Ethics Initial

This comprehensive course is specifically designed to satisfy CFTC and NFA ethics training requirements and expectations for newly registered NFA Associated Persons (APs) and individuals who have yet to complete a futures industry ethics training program. Initially introduced by Exchange Analytics in 1995, this course has since been completed by tens of thousands of APs and has become a cornerstone of new AP training.

Futures Ethics Periodic (Institutional)

This is a refresher version of our Initial Futures Ethics training and is expected to be taken at least every three years. This version is meant for that deal primarily with institutional clients or qualified investors, emphasizing trade practice requirements – particularly at the exchanges – and other transactional issues.

Futures Ethics Periodic (Retail)

This is a refresher version of our Initial Futures Ethics training and is expected to be taken at least every three years. This version of Periodic Ethics focuses on retail topics, emphasizing sales practice requirements and related matters, helping users to address contemporary issues related to interacting with retail clients.

Cybersecurity

Cybersecurity (Refresher)

We completely redesigned our Cybersecurity Awareness course for 2025. It now features role-based learning to optimize users’ learning experience. Course content is customized for each of the three different role types to help ensure users focus on the cyber issues that matter most. The course is tailored for staff at U.S.-based financial firms who have previously completed a cybersecurity fundamentals course. The course is designed to satisfy NFA and FINRA requirements for mandatory cybersecurity awareness training by all employees of registered firms.

Cybersecurity Introduction

This comprehensive course is designed specifically for new hires or individuals who have not yet completed a cybersecurity course. It provides a thorough introduction to the techniques and motivations behind common cyber-attacks, equipping participants with the skills and awareness needed to help safeguard their organization, employees, clients, and shareholders. This course covers a wide range of cyber threats, including malware, ransomware, spoofing, social engineering, remote access, viruses, trojans, DDoS, phishing, business email compromise, and more – helping to ensure a strong foundation in cybersecurity awareness and best practices.

Anti-Money Laundering

Anti-Money Laundering (Refresher) for Financial Institutions

Our most popular course, Anti-Money Laundering (AML), covers global standards for developing, deploying, and executing AML programs. Our latest updates include insights into the U.S. Department of Treasury’s 2024 final rule, issued by FinCEN, which expands the definition of “financial institution” under the Bank Secrecy Act (BSA) to include certain registered investment advisers (RIAs) and exempt reporting advisers (ERAs). Leveraging role-based learning, the course enhances the user experience by focusing training on issues most relevant to each participant’s role. It is updated continually to reflect changes to the Financial Action Task Force (FATF) ‘grey’ and ‘black’ lists, ensuring your compliance remains current.

Anti-Money Laundering for Registered MSBs

This course is developed exclusively for registered Money Service Business (MSB) entities in the U.S. involved in account management and the flow of funds.

Anti-Money Laundering (Introduction) for Financial Institutions

This comprehensive course is tailored specifically for new hires or individuals new to AML compliance, providing a foundational understanding of anti-money laundering principles. Participants will gain essential knowledge of the key elements required to maintain an effective AML compliance program, including the steps involved in a customer identification process. The course also highlights individual liability, methods for recognizing money laundering activities, and identifying common red flags. Examination of enforcement cases and a practical case study are included to provide real-world context and enhance understanding.

Anti-Money Laundering for RMLOs

Updated for 2025, our course incorporates FinCEN’s 2024 rulemaking, extending AML training requirements to a broader range of real estate professionals who must comply by year-end 2025. Under the Bank Secrecy Act, the U.S. Treasury Department has established stringent AML protocols that apply to Residential Mortgage Loan Originators (RMLOs). These protocols emphasize the development and implementation of comprehensive compliance training programs specifically designed to address money laundering and fraud prevention.

Customer Protection Rule

Customer Protection Rule (Standard Version)

This course is designed to comply with the annual customer funds segregation training requirement of CFTC Regulation 1.11. It provides comprehensive instruction on key regulatory responsibilities, including customer funds protection, reporting and disclosures, risk management, and the identification and reporting of suspected policy breaches, along with the serious consequences of non-compliance.

New for this year is an expanded focus on lessons learned from the landmark CFTC case against FTX, which resulted in the largest judgment in the agency’s history. The course also features revised and more in-depth discussions of 2024 exchange disciplinary cases, offering valuable insights into the latest regulatory developments and challenges.

Customer Protection Rule (Test Through Version)

This version of our standard course includes an optimized learning path for advanced students. Those who score 80% or higher on a 15-question assessment can satisfy their annual training requirement by “testing through” the full course material and reviewing a section focused on regulatory updates and core concepts.

Derivatives Market Conduct

In alignment with ICE’s 2019 guidance on the Duty to Supervise and CME Group’s 2024 Market Regulation Advisory Notice (RA2403-5), comprehensive firm training is essential for meeting supervisory responsibilities. This course covers key topics for traders and firm personnel, including Supervisory Responsibilities, Spoofing, Messaging Infractions, Wash Sales, Disruptive Trading Practices, Market Manipulation, Pre-Arranged Trading, and more. Our training is designed to help your team navigate complex regulatory requirements, avoid common supervisory pitfalls, and reduce the risk of disciplinary actions.

Identity Theft Prevention

Designed to fulfill mandatory training requirements outlined in the CFTC and SEC Red Flag Rules, this course provides a deep dive into cybersecurity, with a focus on preventing identity theft. Specific topics include risk identification, considerations around opening new accounts, program implementation, program reviews, and best practices for mitigating the likelihood of identity theft. In a continually evolving landscape of identity protection challenges, individuals will gain heightened awareness of the risks and proactive measures necessary for effective navigation.

Noncompetitive Trading

Noncompetitive Trading – U.S. Exchanges

Navigate the intricate world of U.S. noncompetitive futures and derivatives trading with more confidence and reduce the risk of disciplinary actions. In alignment with ICE’s 2019 guidance on the Duty to Supervise and CME Group’s 2024 Market Regulation Advisory Notice (RA2403-5), comprehensive firm training is essential for meeting supervisory responsibilities. This course covers key topics essential for traders and firm personnel, including Pre-Execution Communication Practices, Cross Orders, Block Trading, EFRPs, and more.

Noncompetitive Trading – Global

Our international version is an extension of our U.S. Noncompetitive Trading course and is designed to help provide a deep understanding of major exchanges worldwide. This course builds upon the foundational knowledge covered in our U.S. version and extends its reach to major exchanges in the U.S., Europe, and Asia.

Swap Dealer Training

Swap Dealer Ethics – Periodic

This course is designed to satisfy the CFTC and NFA ethics training requirements for Swap Dealers and their Associated Persons, and other registered individuals. An amendment to NFA Rule  2-9(d) regarding supervision confirms long-standing ethics training obligations that apply to futures registrants also extend to Swap Dealers. Drawing upon our decades-long expertise in delivering ethics training to the futures industry, we have tailored this course to specifically address Swap Dealers’ distinct requirements. This course covers various topics, including but not limited to: “Know your counterparty” requirements, Institutional suitability and safe harbor, Dealing with special entities, Conflict partitions, and Daily Marks. The customization of this training is tailored to align with the business activities of Swap Dealers, as recommended by NFA Interpretive Notice 9051. This notice emphasizes that ethics training should be somewhat aligned with a person’s registration category. Additionally, NFA believes it is appropriate for its Members to adapt their ethics training programs to the specific obligations associated with their membership category and the roles of their personnel.

Introduction to Swap Dealer Requirements

Designed for new employees of CFTC-registered Swap Dealers, this comprehensive best practices course provides individuals a foundational understanding of industry structure and rules, supervisory systems and internal controls, avoiding conflicts of interest, counterparty considerations, and more. It is also designed to satisfy the ethics and marketing supervision training requirements so that individuals do not have to separately take those courses.

Swap Dealer – NFA Marketing Supervision Requirements

Did you know that Swap Dealers are required to provide training on the use of marketing materials? In 2020, the NFA published Interpretive Notice 9077, which explicitly requires Swap Dealers to train employees who develop, approve, or convey marketing materials. This course is designed to satisfy this training requirement. Learn how to oversee marketing activities so they comply with regulatory requirements effectively and apply the proper governance.

Hostile Work Environment Prevention

This course discusses the characteristics of a hostile work environment with suggestions for promoting a positive environment that includes a zero-tolerance policy, employee training and productive communication.

Regulation Best Interest

Explore our Reg BI course for Brokers, Investment Advisers, and dually registered representatives. This course is designed to provide insight into the obligations of Broker-Dealers and Investment Advisers when offering recommendations or investment advice to retail clients. Additionally, our training experience offers customized learning paths depending on an individual’s registration type.

Sexual Harassment Prevention

Illinois Sexual Harassment Prevention Training

Every employer in the state of Illinois is required to provide employees with sexual harassment prevention training that complies with section 2-109 of the Illinois Human Rights Act (IHRA). Our course covers all aspects of required training.

New York Sexual Harassment Prevention Training

Every employer in the state of New York is required to provide employees with sexual harassment prevention training that complies with section 201-g of New York’s Labor Law. Our course covers all aspects of required training.