Ch 2: Financial Planner Professional Conduct & Regulation
About This Chapter
Financial Planner Professional Conduct & Regulation- Chapter Summary
This chapter is made up of lessons that walk you through different ways a financial planner can improve professional conduct and regulation. You can learn about three different types of financial institutions. Other information that is included in this chapter are:
- Organization regulations in the accounting field such as the Securities and Exchange Commission
- U.S. Treasury regulatory measures for financial institutions
- Different laws and regulations to promote consumer protection such as product liability
- Relationships with fiduciary duties
Each of these video and text lessons are paired with self-assessment quizzes to test yourself on the material in this chapter. The quizzes and the chapter test all give you immediate feedback so you will know what your strengths and weaknesses are. Then you can go back into the lesson and review the information until you master it and can move forward.
1. Types of Financial Institutions: Definition, Examples & Roles
In this lesson, we'll explore three types of financial institutions and their roles in financial intermediation. By the end of the lesson, you should also be able to provide an example or two of each type of institution, some of which you may have already used in real life.
2. The Securities & Exchange Commission: Definition, History & Purpose
The accounting industry is regulated by several organizations. Each of these were created by the Securities and Exchange Commission. In this lesson, you will learn the definition, history, and purpose of the SEC.
3. U.S. Treasury Regulatory Measures on Financial Institutions
This lesson explains why the U.S. Treasury regulates financial institutions. It will then list, define, and explain the major regulations that it enforces to protect a consumer's money.
4. What Is Consumer Protection? - Product Liability, Laws & Rights
Consumer protection refers to the laws and other forms of government regulation designed to protect consumers. One form of consumer protection is product liability. This lesson explains consumer protection and product liability.
5. Fiduciary Duties of an Agent
Agency relationships are fiduciary relationships. This means the agent is obligated to act in the best interests of the principal. This lesson explains the fiduciary duties agents owe to their principals.
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Other Chapters
Other chapters within the CFP Certification Exam Study Guide - Certified Financial Planner course
- CFP Board Rules & Regulations
- General Principles of Financial Planning
- Education Financial Planning
- Individual Insurance Planning
- Risk Management & Business Insurance Planning
- Types of Investment Vehicles
- Investment Planning
- Tax Planning
- Retirement Savings & Income Planning for Individuals
- Retirement Savings & Income Planning for Businesses
- Estate Planning Strategies
- Financial Planning for Personal Life Situations
- CFP Client Relationship
- CFP Certification Exam Study Guide - Certified Financial Planner Flashcards