FINRA: Information Barriers Protecting MNPI and Preventing Insider Trading (EL-ELC264)


This course provides foundational training on information barriers and the regulatory obligations firms and associated persons have regarding material non-public information (MNPI). Scenarios focusing specifically on the obligations of research analysts (RAs) and investment banks are included.

Learning Objectives

Upon successfully completing this course, you should be able to:

  • Define information barriers and give examples of different types of information barriers
  • Utilize firm written supervisory procedures (WSPs) and resources to comply with your obligations regarding information barriers.
  • Describe regulatory obligations of firms and associated persons relating to MNPI and its safeguarding
  • Explain illegal insider trading and some ways to prevent or detect it

Designed For

Registered representatives, research analysts, and investment bank representatives

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