Retail Securities Exam (RSE) | Interactive Exam Notes
About Course
RSE Interactive Exam Notes is an exam-focused learning and review resource designed to help candidates prepare for the Retail Securities Exam (RSE) in a simpler, more interactive way.
Instead of reading long pages of traditional notes or watching hours of video lectures, the course breaks the RSE syllabus into simple explanations, practical examples, exam-focused summaries, questions, and interactive games.
🎯 Two Ways to Use This Course
You can use this course in two different ways, depending on where you are in your RSE preparation:
1️⃣ Self-Paced Tutorial
If you are learning the material for the first time, have no prior knowledge, or simply don’t know where to start, this course guides you through the material step by step.
The course covers the material outlined in the RSE syllabus and organizes it in a logical order.
If you don’t know where to begin, simply start with the first lesson and continue from there. Don’t worry if some topics are completely new to you — concepts are introduced and explained progressively, so you can build your understanding step by step.
Each element includes:
- Simple and easy-to-understand explanations
- Practical examples to clarify difficult concepts
- Important exam points you need to know
- Interactive activities throughout the lessons
- Games designed to help you practice, understand, and remember key concepts
There are no video tutorials. Instead, the focus is on simple explanations, logical step-by-step learning, and active practice.
2️⃣ Exam Summary & Review
If you already know the material and want a faster way to review before your exam, you can use the course as an exam summary and review tool.
At the end of each RSE element, we provide:
- A structured summary of the important points from that element
- Interactive games and activities to help you test your knowledge
- Practice exercises to help you reinforce and remember key concepts
This allows you to quickly review the most important material without going through every lesson again.
🎮 Learn Through Games & Practice
The main goal of this course is learning through practice.
You will actively work with the material through activities such as:
- 📊 Graph activities
- 🔄 Drag-and-drop exercises
- 🔗 Matching activities
- ✅ True or False
- ✏️ Fill-in-the-blank exercises
- 🔢 Ordering and range activities
- 🎯 Other interactive learning games
These activities help you apply important concepts, interpret client scenarios, identify areas that need more review, and improve retention.
📝 Official CIRO Practice Questions
At the end of each RSE element, relevant questions from the official RSE practice exam published by CIRO are included and analyzed.
Each question comes with a detailed explanation, including:
- Why the correct option is correct
- Why the other options are incorrect
- The important concept being tested
This helps you become familiar with the style and logic of official CIRO questions while reinforcing the concepts covered in each element.
📚 What You’ll Find in This Course
- Important exam points organized by RSE element
- Simple explanations of difficult concepts
- Practical examples and client scenarios
- Exam-focused summaries for quick review
- Interactive games and activities
- Practice-based learning to improve understanding and retention
- Official CIRO RSE practice questions organized by element
- Detailed analysis of both correct and incorrect options
The content is organized around the official RSE syllabus and published CIRO practice materials, making important concepts easier to understand, practice, review, and remember.
Please note: There are no video tutorials in this course. The course is built around interactive exam notes, simple explanations, examples, summaries, practice questions, and learning games.
What Will You Learn?
- Understand the key concepts covered in the Retail Securities Exam (RSE) syllabus.
- Apply your knowledge to practical examples and client scenarios.
- Strengthen your understanding of investment products, client assessment, suitability, and portfolio management.
- Identify important exam points and common areas of confusion.
- Reinforce your knowledge through interactive games and practice exercises.
- Review efficiently using structured summaries for each RSE element.
- Understand the reasoning behind correct and incorrect answers to official CIRO RSE practice questions.
Course Content
Start Here,,,
Element 1: Know-Your-Client (KYC) & Suitability
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Part 1: Understanding the Client–Dealer Relationship
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Let’s Play a Game | Understanding the Client–Dealer Relationship
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Part 2: KYC
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Let’s Play a Game | KYC
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Part 3: Understanding the Client’s Risk Profile
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Let’s Play a Game | Understanding the Client’s Risk Profile
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Part 4: Protecting Clients — Trusted Contacts, Capacity & Financial Exploitation
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Let’s Play a Game | Protecting Clients — Trusted Contacts, Capacity & Financial Exploitation
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Part 5: Choosing an Appropriate Account
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Let’s Play a Game | Choosing an Appropriate Account
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Part 6: Opening the Account — Documents, Disclosure & Confidentiality
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Let’s Play a Game | Opening the Account — Documents, Disclosure & Confidentiality
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Part 7: Product Due Diligence & Know-Your-Product (KYP)
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Let’s Play a Game | Product Due Diligence & Know-Your-Product (KYP)
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Part 8: Making Suitable Recommendations & Handling Client Instructions
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Let’s Play a Game | Making Suitable Recommendations & Handling Client Instructions
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Part 9: Keeping KYC Current & Reassessing Suitability
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Let’s Play a Game | Keeping KYC Current & Reassessing Suitability
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Part 10: Conflicts, Outside Activities & Professional Conduct
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Let’s Play a Game | Conflicts, Outside Activities & Professional Conduct
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Summary | Element 1 🧠
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Final Game | Element 1 Summary
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Practice Test | Element 1
Element 2: Fixed income
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Part 1: Money Market Securities 💰
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Let’s Play a Game | Money Market Securities
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Part 2: Bonds — Structure, Types & Features 📘
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Let’s Play a Game | Bonds — Structure, Types & Features
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Part 3: Bond Prices, Yields, Interest Rates & Yield Curves 📉
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Let’s Play a Game | Bond Prices, Yields, Interest Rates & Yield Curves
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Part 4: Guaranteed Investment Certificates — GICs 💰
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Let’s Play a Game | Guaranteed Investment Certificates — GICs
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Part 5: Debt-Market Rules, Trading & Putting It Together 🏦
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Let’s Play a Game | Debt-Market Rules, Trading & Putting It Together
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Summary | Element 2 🧠
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Final Game | Element 2 Summary
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Practice Test | Element 2
Element 3: Equities
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Part 1: Common Shares — Ownership, Rights, Returns & Risks 📘
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Let’s Play a Game | Common Shares — Ownership, Rights, Returns & Risks
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Part 2: Issuing Shares — Prospectuses, Disclosure & Exemptions 📄
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Let’s Play a Game | Issuing Shares — Prospectuses, Disclosure & Exemptions
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Part 3: Dividends, Corporate Actions & Canadian Depositary Receipts 🌎
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Let’s Play a Game | Dividends, Corporate Actions & Canadian Depositary Receipts
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Part 4: Taxation of Dividends, Interest Income, Capital Gain 💰
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Let’s Play a Game | Taxation of Dividends, Interest Income, Capital Gain
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Part 5: Preferred Shares — Rights, Features, Risks & Comparisons 🏦
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Let’s Play a Game | Preferred Shares — Rights, Features, Risks & Comparisons
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Part 6: Equity Valuation & Putting It Together 🧮
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Let’s Play a Game | Equity Valuation & Putting It Together
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Summary | Element 3 🧠
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Final Game | Element 3 Summary
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Practice Test | Element 3
Element 4: Securities Analysis
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Part 1: Company Analysis & Understanding Financial Statements 📘
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Let’s Play a Game | Company Analysis & Understanding Financial Statements
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Part 2: Cash Flows, Financial-Statement Notes & Auditor Reports 💵
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Let’s Play a Game | Cash Flows, Financial-Statement Notes & Auditor Reports
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Part 3: Financial Ratios 🧮
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Let’s Play a Game | Financial Ratios
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Part 4: Market Information, Indices & Benchmarks 💹
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Let’s Play a Game | Market Information, Indices & Benchmarks
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Part 5: Fundamental Analysis & Company Valuation 🔎
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Let’s Play a Game | Fundamental Analysis & Company Valuation
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Part 6: Quantitative & Technical Analysis 🔢📈
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Let’s Play a Game | Quantitative & Technical Analysis
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Part 7: Industries, Economic Conditions & Investment Expectations 🌎
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Let’s Play a Game | Industries, Economic Conditions & Investment Expectations
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Summary | Element 4 🧠
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Final Game | Element 4 Summary
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Practice Test | Element 4
Element 5: Managed Products and Other Investments
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Part 1: How an Investment Fund Is Created & Launched 🏗️
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Let’s Play a Game | How an Investment Fund Is Created & Launched
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Part 2: Mutual Funds, Closed-End Funds & ETFs 🔄
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Let’s Play a Game | Mutual Funds, Closed-End Funds & ETFs
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Part 3: How Investment Fund Value, NAV & Distributions Work 💰
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Let’s Play a Game | How Investment Fund Value, NAV & Distributions Work
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Part 4: Fund Categories, Underlying Investments & Objectives 🧺
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Let’s Play a Game | Fund Categories, Underlying Investments & Objectives
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Part 5: Specialized Funds & Other Investment Products 🧩
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Let’s Play a Game | Specialized Funds & Other Investment Products
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Part 6: Choosing the Investment Mix & How It Will Be Managed 🧭
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Let’s Play a Game | Choosing the Investment Mix & How It Will Be Managed
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Part 7: Costs, Taxation & Taking Money Out 💵
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Let’s Play a Game | Costs, Taxation & Taking Money Out
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Part 8: Measuring & Comparing Investment Returns 📊
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Let’s Play a Game | Measuring & Comparing Investment Returns
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Part 9: Choosing a Fund or Investing Directly 🎯
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Let’s Play a Game | Choosing a Fund or Investing Directly
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Summary | Element 5 🧠
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Final Game | Element 5 Summary
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Practice Test | Element 5
Element 6: Portfolio Construction
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Part 1: Building a Portfolio — Asset Allocation & Rebalancing 🧩
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Let’s Play a Game | Building a Portfolio — Asset Allocation & Rebalancing
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Part 2: Understanding & Measuring Portfolio Risk – Standard Deviation, Beta, Duration, Drawdown, … 📊
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Let’s Play a Game | Understanding & Measuring Portfolio Risk – Standard Deviation, Beta, Duration, Drawdown, .
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Part 3: Diversification & Modern Portfolio Theory 🧺
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Let’s Play a Game | Diversification & Modern Portfolio Theory
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Part 4: Expected Returns — CAPM & Multi-Factor Models 🧮
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Let’s Play a Game | Expected Returns — CAPM & Multi-Factor Models
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Part 5: Managing Risk — Hedging, Short Selling & Margin 🛡️
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Let’s Play a Game | Managing Risk — Hedging, Short Selling & Margin
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Part 6: Managing Equity Portfolios — Active, Passive & Market Efficiency 📈
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Let’s Play a Game | Managing Equity Portfolios — Active, Passive & Market Efficiency
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Part 7: Managing Bond Portfolios & Bringing It Together 🏦
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Let’s Play a Game | Managing Bond Portfolios & Bringing It Together
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Summary | Element 6 🧠
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Final Game | Element 6 Summary
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Practice Test | Element 6
Element 7: Investment Recommendations
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Part 1: Turn Client Needs Into an Investment Plan 🎯
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Let’s Play a Game | Turn Client Needs Into an Investment Plan
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Part 2: Behavioural Finance 🧠
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Let’s Play a Game | Behavioural Finance
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Part 3: From Analysis to a Suitable Recommendation 🎯
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Let’s Play a Game | From Analysis to a Suitable Recommendation
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Part 4: Calculate What the Client Must Save—or Can Withdraw 🧮
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Let’s Play a Game | Calculate What the Client Must Save—or Can Withdraw
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Part 5: Choose the Right Account for the Goal 🏦
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Let’s Play a Game | Choose the Right Account for the Goal
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Part 6: Investment Income & Its Tax Treatment 🧾
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Let’s Play a Game | Investment Income & Its Tax Treatment
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Part 7: ACB, Capital Gains, Capital Losses & Tax-Loss Harvesting 📉
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Let’s Play a Game | ACB, Capital Gains, Capital Losses & Tax-Loss Harvesting
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Part 8: Corporate Investing & Tax Integration 🏢
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Let’s Play a Game | Corporate Investing & Tax Integration
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Part 9: Recognizing & Handling Client Complaints 🤝
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Let’s Play a Game | Recognizing & Handling Client Complaints
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Summary | Element 7 🧠
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Final Game | Element 7 Summary
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RSE Element 7 – Investment Recommendations: Practice Exam
Element 8: Execution and Market Integrity
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Part 1: Where Securities Trade & Best Execution 🏦
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Let’s Play a Game | Where Securities Trade & Best Execution
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Part 2: Choosing the Right Order Type 📝
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Let’s Play a Game | Choosing the Right Order Type
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Part 3: Order Changes, Clearing, Settlement & Trade Confirmations 🔄
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Let’s Play a Game | Order Changes, Clearing, Settlement & Trade Confirmations
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Part 4: Long and Short Positions, Cash Accounts & Margin 💳
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Let’s Play a Game | Long and Short Positions, Cash Accounts & Margin
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Part 5: Market Abuse, Insider Information & Gatekeeping 🚨
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Let’s Play a Game | Market Abuse, Insider Information & Gatekeeping
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Summary | Element 8 🧠
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Final Game | Element 8 Summary
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Practice Test | Element 8
Element 9: Monitoring, Reporting and Maintaining Client Relationships
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Part 1: Reviewing the Client and Portfolio 🔍
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Let’s Play a Game | Reviewing the Client and Portfolio
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Part 2: Calculating and Reporting Investment Returns 📊
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Let’s Play a Game | Calculating and Reporting Investment Returns
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Part 3: Benchmarks and Risk-Adjusted Performance ⚖️
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Let’s Play a Game | Benchmarks and Risk-Adjusted Performance
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Part 4: Communicating With Clients and the Public 🗣️
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Let’s Play a Game | Communicating With Clients and the Public
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Part 5: Records, Compensation, and Maintaining the Client Relationship 📝
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Let’s Play a Game | Records, Compensation, and Maintaining the Client Relationship
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Summary | Element 9 🧠
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Final Game | Element 9 Summary
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Practice Test | Element 9