This course covers broker-dealer merger or acquisition transactions in which the ownership of a firm is transferred or consolidated with another entity. Such a consolidation is used as a tool for strategic management; it allows for growth or downsizing, changing the nature of a firm’s business, or improving competitive positioning. It also reviews the various rules and regulations applicable to firms involved in mergers, acquisitions, asset transfers (which may include but is not limited to registered representatives and customer accounts), and other operational changes.