Online Courses Financial Compliance Banking Compliance Selling Nondeposit Investment Products

Selling Nondeposit Investment Products

Created by: HSI - Health & Safety Institute Top Author

1,163 views Prime

Last Updated 10/2022

English

Full Lifetime Access

Finish in
5 min! Run Time

Made for for
Employees
only

No Certificate
Provided

What you'll learn

Explain how nondeposit investment products differ from insured deposits

Describe the disclosures required when selling mutual funds

Ensure customers understand that these products are not deposit-insured

Skills covered in this course

banking safe banking HSI-ej4

More Americans are investing in mutual funds instead of interest-bearing accounts. Mutual funds are nondeposit investment products (NDIPs), which carry risks customers may not expect. This course covers selling them responsibly.

What this course covers:

What nondeposit investment products are, including mutual funds
How institutions offer NDIPs directly or through third parties
The risks consumers should understand
How to properly educate your customers
Guidelines surrounding the sale of these products

Ideal for bank staff and licensed representatives who sell or refer nondeposit investment products.

System Requirements

See System Requirements in the Coggno Knowledge Base

Author

HSI - Health & Safety Institute

1960 Courses

Making the Workplace Safer and Smarter

HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.

HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.

Frequently Asked Questions

Nondeposit investment products (NDIPs) include mutual funds, which more Americans are choosing over interest-bearing accounts, and the course explains what qualifies as an NDIP.

It covers how institutions offer NDIPs, either directly or through third parties.

The course details the risks that NDIPs carry which consumers may not expect, since these products aren't the same as deposit accounts.

It explains how to properly educate customers about those risks before they invest.

It's ideal for bank staff and licensed representatives who sell or refer nondeposit investment products.

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 5 minutes to complete and can be paused and resumed at any time.

No. This course does not include a certificate of completion.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

Yes. This course is available for free with an active Prime Subscription.

Yes. Refund requests can be submitted within 30 days of purchase.

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Selling Nondeposit Investment Products

What you'll learn

Skills covered in this course

Overview

FAQs