The IFM's Periodic Ethics Training is designed to helps firms and registrants meet ongoing training requirements as mandated by the Commodity Exchange Act (CEA) and National Futures Association (NFA) Rule 2-9.

The interactive training is built upon case studies that incorporate several categories of pertinent information including law, regulation, professional ethics and sound judgment. The core of the program involves two hypothetical case studies that take place in different firms.

The first case explores a number of issues at a firm including the adequacy of the firm's customer identification program, suspicious behavior by a prospective client, pressure to approve the opening of a new account, and a questionable economic/financial purpose for a futures account.The second case touches upon a number of issues related to communications with the public, solicitation of clients, websites and chat rooms, risk disclosure, conflicts of interest, disclosure of material information to customers, trading ahead of a client, and effective supervision.

e-Learning Outcome

• Understand the pertinent and new rules and regulations of the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA)
• Know their obligation to ensure just and equitable principles of trade
• Recognize potential red flags
• Employ decision making to ethical and cultural dilemmas
• Appreciate individual accountability and personal responsibility
• Understand the need to escalate concerns to compliance in a timely and appropriate manner

Training Duration: Approximately 60 minutes. A training certificate can be downloaded after successful course completion.

Recordkeeping: IFM maintains firm and employee training records for a minimum of five (5) years as required by NFA and CFTC.

Training Provider Qualifications

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Qualify for a Discount?  FIA Member firms and their employees are eligible for discounts on courses. FIA members include more than 300 financial services firms as well as fund managers, commercial hedgers, global exchanges, technology vendors, and legal and other professional services providers. 

Purchase training for employees via an enterprise, corporate license or individually for just a few.  Read more about our pricing options.