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Reg BI (Regulation Best Interest) Tracker

Wealth management and capital markets compliance

Use Moraph's broker-dealer and wealth compliance products to evidence Reg BI recommendations, supervise personal trading, reconstruct trades, run fund shareholder meetings, take private fund subscriptions, manage secondary transfers and review estate illustrations.

Practitioner2 hr 45 min14 lessonsFor Users, AdministratorsCertificate of completion

Lesson plan (printable)

About this course

This course is for the people who run compliance, supervision and operations on Moraph's wealth management and capital markets products, and for the administrators who configure them. It covers seven products: the Reg BI (Regulation Best Interest) Tracker, the Trade Surveillance & Market Abuse Monitor, the Trade Reconstruction Repository, Proxy Voting & Shareholder Services, the Alt-Invest Compliance & Checkout Portal, the Private Market Secondary Liquidity Engine and Wealth Transfer & Estate Visualization. Each lesson pairs the everyday steps with the reasons behind them, and uses fictional firms and records throughout.

One idea runs through every module: these products record and evidence decisions, but they don't make them. Your representatives, supervisors, compliance officers, counsel and advisers keep the judgment; the products make sure it's captured, separated by role and ready for an examiner. The regulations named here are listed for orientation only. Your compliance and legal teams decide how they apply to your firm.

What you’ll be able to do

  • Record, supervise and test retail recommendations in the Reg BI Tracker so each one carries its profile check, alternatives, costs and rationale
  • Run pre-clearance, account declarations, reporting obligations and exception review under a Code of Ethics in the Trade Surveillance & Market Abuse Monitor
  • Build, review and release a trade reconstruction with confirmed links, visible time sources and documented gaps
  • Follow a fund shareholder meeting from record date to the inspector of election's certification in Proxy Voting & Shareholder Services
  • Explain how the Alt-Invest Compliance & Checkout Portal and the Private Market Secondary Liquidity Engine separate evidence collection, decisions and settlement
  • Prepare estate planning scenarios with visible assumptions and take them through compliance review before release
  • Recognize where each product stops and your firm's own judgment, counsel or vendors take over

Skills you’ll gain

  • Regulation Best Interest evidence
  • Personal trading surveillance
  • Trade reconstruction
  • Proxy tabulation oversight
  • Private markets compliance
  • Estate illustration review

Before you start

  • You have completed Moraph foundations, or you already know how Moraph Apps, the Moraph Portal and Moraph Support fit together
  • You work in, or support, compliance, supervision, legal or operations at a broker-dealer, investment adviser, fund complex, private fund manager, private company or wealth firm
  • You have a working knowledge of the rules your own firm is subject to; this course explains the products, not the law
  • Recommended first: Moraph foundations: technology for high-stakes work

Syllabus

3 modules · 9 readings · 1 practical exercise · 4 assessments

  1. Module 1Recommendations under Regulation Best Interest

    1. Reading: Reg BI and the recommendation recordReading · 10 min
    2. Reading: Recording and supervising recommendationsReading · 12 min
    3. Reading: Testing, conflicts and exam evidenceReading · 11 min
    4. Assessment: Module 1 knowledge checkAssessment · 8 min

  2. Module 2Personal trading and trade reconstruction

    1. Reading: Code of Ethics programs and pre-clearanceReading · 11 min
    2. Reading: Reviewing personal trading exceptionsReading · 12 min
    3. Reading: Reconstructing a tradeReading · 13 min
    4. Practical exercise: Practical: review an exception and scope a reconstructionPractical exercise · 15 min
    5. Assessment: Module 2 knowledge checkAssessment · 8 min

  3. Module 3Funds, private markets and family wealth

    1. Reading: Running a fund shareholder meetingReading · 12 min
    2. Reading: Private fund subscriptions and secondary transfersReading · 13 min
    3. Reading: Estate scenarios and illustration reviewReading · 12 min
    4. Assessment: Module 3 knowledge checkAssessment · 8 min
    5. Assessment: Final assessmentAssessment · 20 min

What completion gives you

Complete every lesson and pass each assessment to complete the course. You then get a completion record in My learning, and a certificate of completion you can print or share, with a code anyone can check at academy.moraph.com/verify.

Completion is not certification

Course completion records and certificates of completion show that a person completed a Moraph Academy course. They are not a Moraph certification (which needs the certification exam), a professional license or an accreditation, and they do not authorize anyone to configure, operate, resell or support Moraph products on Moraph’s or anyone else’s behalf.

Course updates

  • Version 1 · · First version.