Lesson plan

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.

Back to the course

Product: Reg BI (Regulation Best Interest) Tracker
Level: Practitioner
For: Users, Administrators
Total time: 2 hr 45 min
Lessons: 14 in 3 modules
Assessments: 4

Course objectives

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

Before the course

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

Module 1: Recommendations under Regulation Best Interest (41 min)

Lesson	Type and time	Learners will be able to	Activity and assessment
Reg BI and the recommendation record	Reading 10 min	Describe the four Reg BI obligations the Tracker helps your firm evidence Name the parts of a Recommendation record and what each one proves Match the Tracker's roles to the work each person does and cannot do	Reading
Recording and supervising recommendations	Reading 12 min	Record a standard and a rollover recommendation with the evidence your procedures require Work a flagged recommendation as a supervisor and choose between approve, return and escalate Fix common problems such as an empty alternatives list or a missing flag	Reading
Testing, conflicts and exam evidence	Reading 11 min	Set up a compliance testing sample and record a testing finding Maintain the conflicts register and explain how it supports the conflict of interest obligation Change a firm rule and give an examiner scoped read-only access	Reading
Module 1 knowledge check	Assessment 8 min	Check your understanding of recording, supervising and testing recommendations in the Reg BI Tracker	5 questions · pass mark 70% · unlimited attempts

Module 2: Personal trading and trade reconstruction (59 min)

Lesson	Type and time	Learners will be able to	Activity and assessment
Code of Ethics programs and pre-clearance	Reading 11 min	Explain what the Trade Surveillance & Market Abuse Monitor covers and what it doesn't Request and decide a pre-clearance request, and read its automatic checks Keep account declarations, holdings reports, transaction reports and certifications on track	Reading
Reviewing personal trading exceptions	Reading 12 min	Read an exception and judge it from the rule, the trade, the related order or list entry and the timing Record an outcome and know when the chief compliance officer must approve Diagnose common causes of false or missing exceptions	Reading
Reconstructing a trade	Reading 13 min	Explain how the Trade Reconstruction Repository links communications to orders and executions Build a reconstruction, confirm or reject links and document gaps Describe the review, export and legal hold controls around a reconstruction	Reading
Practical: review an exception and scope a reconstruction	Practical exercise 15 min	Apply the exception review steps to a realistic scenario and choose an outcome with a reason Plan a reconstruction request with the right identifiers, window and checks	Practical exercise with a checklist
Module 2 knowledge check	Assessment 8 min	Check your understanding of personal trading surveillance and trade reconstruction	5 questions · pass mark 70% · unlimited attempts

Module 3: Funds, private markets and family wealth (1 hr 5 min)

Lesson	Type and time	Learners will be able to	Activity and assessment
Running a fund shareholder meeting	Reading 12 min	Follow a meeting through setup, distribution, voting, tally and certification Work a vote exception under the meeting's resolution rules Use the daily quorum report to direct solicitation, and know who decides adjournment	Reading
Private fund subscriptions and secondary transfers	Reading 13 min	Take a subscription through invitation, verification, countersignature and funding in the Alt-Invest Compliance & Checkout Portal Follow a secondary transfer through restriction checks, rights notices, approval and settlement in the Private Market Secondary Liquidity Engine Explain why neither product decides eligibility, files with regulators or holds funds	Reading
Estate scenarios and illustration review	Reading 12 min	Build a family structure and model a strategy with every assumption visible Take an illustration through tax analyst and compliance review before release Control what outside advisers and family members can see	Reading
Module 3 knowledge check	Assessment 8 min	Check your understanding of proxy voting, private fund subscriptions, secondary transfers and estate illustrations	5 questions · pass mark 70% · unlimited attempts
Final assessment	Assessment 20 min	Show that you can apply the course's procedures and controls across all seven products Judge where a product's role ends and your firm's decision begins	12 of 18 questions · pass mark 80% · 3 attempts

Completing the course

Every lesson must be completed: reading lessons are marked complete by the learner, exercises when every checklist item is confirmed, and assessments only when passed. Completing the course issues a certificate of completion with a verification code.