EMP EXAM READINESS PREPARATION SEMINAR FOR DEALING REPRESENTATIVES

EMP EXAM READINESS PREPARATION SEMINAR FOR DEALING REPRESENTATIVES WAISC 2010 1

Presenter Harry Figov, MBA, CA CBV, CPA, CFP harryfigov@sympatico. ca WAISC 2010 2

PRODUCT DISTRIBUTION • • PUBLIC DISTRIBUTION OF PRODUCTS USUALLY REQUIRES PROSPECTUS TIME CONSUMING COSTLY REQUIRES REGULATORY APPROVAL REPORTING ISSUER WAISC 2010 3

EMP EXEMPT MARKET PRODUCTS WAISC 2010 4

PRESENTATION OBJECTIVE OVERVIEW OF EMP COURSE WAISC 2010 5

EMP • • DOES NOT REQUIRE PROSPECTUS LESS TIME CONSUMING LESS COSTLY NOT REQUIRE REGULATORY APPROVAL NOT A REPORTING ISSUER WAISC 2010 6

EMP COURSE OUTLINE Focus on Three (3) Topics: 1. Exempt Products 2. Manner in which Product Distributed 3. Qualified Purchasers WAISC 2010 7

EMP – EXEMPT PRODUCTS 1. Principal Protected Notes (PPN) 2. Hedge Funds 3. Real Estate Investment Trusts (REITS) 4. Flow Through Shares WAISC 2010 8

EMP – DISTRIBUTION VEHICLE • PPN - Actual product • Trusts • Limited Partnership (LP) • Shares WAISC 2010 9

EMP – LIMITED PARTNERSHIP MOST FAVOURED APPROACH BECAUSE ALLOWS FOR MULTIPLE PRODUCTS TO BE INCLUDED • Diversification • Professional Management • Costlier because of Fees WAISC 2010 10

EMP – PRODUCT PURCHASERS 1. Accredited Investor 2. Asset Test 3. $150, 000 Exemption WAISC 2010 11

EMP – ADDITIONAL TOPICS 1. Client Suitability 2. Representatives Responsibilities WAISC 2010 12

EMP – EXAM • 100 Questions • Three (3) Hours • Follows Chapters Sequentially • Pass Mark – 60% WAISC 2010 13

EMP – PREP COURSE • Offer Preparatory Course • Customized Notes • Pass Rate High WAISC 2010 14