US Regulators 102

Step Type: Text

What learners will learn: Roles and functions of FinCEN and the SEC.

Step Description
This resource provides a brief explanation of the scope and purpose of two U.S. financial regulators: the Financial Crimes Enforcement Network (FinCEN) and the Securities and Exchange Commission (SEC).

Summary of Content
This step introduces the Financial Crimes Enforcement Network (FinCEN) and the Securities and Exchange Commission (SEC). It outlines each agency’s role in preventing financial crimes and regulating financial markets, including enforcement responsibilities, coordination with other agencies, and consumer protection efforts.

Key Topics Covered

Step Type: Polygraph

What learners will learn: FinCEN’s scope, authority, and anti-crime mission.

Step Description
The Financial Crimes Enforcement Network (FinCEN) is a U.S. government agency that works to combat financial crimes, such as money laundering and terrorist financing. FinCEN plays a critical role in safeguarding the U.S. financial system from abuse by criminals.

Summary of Content
This microlearning step explores FinCEN’s responsibilities, including enforcement of the Bank Secrecy Act, sharing data with international financial intelligence units, and collaboration with other agencies like the SEC and OCC. Learners evaluate statements about FinCEN’s role and spot inaccuracies.

Key Topics Covered

Step Type: Streak

What learners will learn: SEC’s mission and enforcement powers.

Step Description
The Securities and Exchange Commission is a U.S. government agency responsible for regulating the securities markets, including stocks, bonds, and other investment products. The agency's goal is to create a level playing field for investors and promote confidence in the U.S. financial markets.

Summary of Content
Learners are tested on key responsibilities of the SEC, including investor protection, promoting fair markets, and preventing fraud. This step also highlights the SEC’s relationship with other regulators like FINRA and its response to historical financial events such as the 1929 crash.

Key Topics Covered

Step Type: Text

What learners will learn: CFTC and NFA responsibilities in regulating U.S. derivatives markets.

Step Description
This resource provides an overview of the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA), two regulators that focus on fair trading in U.S. markets.

Summary of Content
This step introduces the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). It outlines their roles in regulating derivatives markets, enforcing rules to protect market participants, and promoting transparency and financial stability.

Key Topics Covered

Step Type: Streak

What learners will learn: CFTC’s mission and regulatory activities.

Step Description
The Commodity Futures Trading Commission (CFTC) is a U.S. government agency that regulates the derivatives markets, including futures and options contracts. The CFTC’s goal is to foster open and competitive markets while protecting market participants and the U.S. economy from systemic risks.

Summary of Content
This step assesses learners’ knowledge of CFTC oversight in areas such as market fairness, fraud prevention, and financial stability. Learners explore the types of derivatives regulated, how the CFTC collaborates with the SEC, and how it monitors for illegal activity.

Key Topics Covered

Step Type: True or False

What learners will learn: NFA’s role as a self-regulatory organization.

Step Description
The National Futures Association (NFA) is a self-regulatory organization in the U.S. that oversees the futures and derivatives markets. The NFA’s mission is to foster trust in the derivatives markets and ensure that investors are treated fairly.

Summary of Content
Learners are prompted to verify facts about the NFA’s purpose, structure, and services. The step emphasizes NFA’s collaboration with the CFTC, its role in rulemaking and investor education, and its database of member firms.

Key Topics Covered

Step Type: MultiChoice

What learners will learn: Review of FinCEN, SEC, CFTC, and NFA roles and responsibilities.

Step Description
Test your knowledge on US Regulators 102 with this mastery step!

Summary of Content
This mastery step reinforces learning from prior steps by evaluating comprehension of key regulator missions, such as systemic risk prevention (CFTC), investor protection (SEC), information sharing (FinCEN), and investor education (NFA). Learners apply what they’ve learned in a knowledge check format.

Key Topics Covered