waisc 20101 emp exam readiness preparation seminar for dealing representatives
TRANSCRIPT
WAISC 2010 1
EMP EXAM READINESS
PREPARATION SEMINAR FOR
DEALING REPRESENTATIVES
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PRODUCT DISTRIBUTION PUBLIC DISTRIBUTION OF
PRODUCTS USUALLY REQUIRES PROSPECTUS
• TIME CONSUMING
• COSTLY
• REQUIRES REGULATORY APPROVAL
• REPORTING ISSUER
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EMP
EXEMPT
MARKET
PRODUCTS
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PRESENTATION OBJECTIVE
OVERVIEW OF EMP COURSE
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EMPDOES NOT REQUIRE
PROSPECTUS• LESS TIME CONSUMING• LESS COSTLY• NOT REQUIRE REGULATORY
APPROVAL• NOT A REPORTING ISSUER
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EMP COURSE OUTLINE
Focus on Three (3) Topics:
1. Exempt Products
2. Manner in which Product Distributed
3. Qualified Purchasers
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EMP – EXEMPT PRODUCTS
1. Principal Protected Notes (PPN)
2. Hedge Funds
3. Real Estate Investment Trusts (REITS)
4. Flow Through Shares
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EMP – DISTRIBUTION VEHICLE
• PPN - Actual product• Trusts• Limited Partnership (LP)
• Shares
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EMP – LIMITED PARTNERSHIP
MOST FAVOURED APPROACH BECAUSE ALLOWS FOR
MULTIPLE PRODUCTS TO BE INCLUDED
• Diversification• Professional Management• Costlier because of Fees
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EMP – PRODUCT PURCHASERS
1.Accredited Investor
2.Asset Test
3.$150,000 Exemption
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EMP – ADDITIONAL TOPICS
1.Client Suitability
2.Representatives Responsibilities
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EMP – EXAM
• 100 Questions
• Three (3) Hours
• Follows Chapters Sequentially
• Pass Mark – 60%
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EMP – PREP COURSE
•Offer Preparatory Course
•Customized Notes
•Pass Rate High