Supervisory System Framework
Chapters in this video
- 0:00 The supervisory system architecture and its six required elements
- 2:03 Written supervisory procedures: the four W questions and the boilerplate trap
- 3:09 Supervisors vs. principals: who can approve account name changes
- 4:42 Inside the OSJ: final account approval and the onsite principal requirement
- 5:37 Inspecting the inspectors: the 1-year vs. 3-year cycle and independence rules
- 6:48 Rapid-fire exam recap
What this video covers
- The six core elements of the supervisory system and why it is never just a single checklist
- What written supervisory procedures (WSPs) must cover: the who, what, frequency, and documentation of every review, and why boilerplate manuals fail the rule
- The difference between a day-to-day supervisor and a registered principal with final written approval authority
- Which principal licenses (Series 24 vs. Series 26) may serve as the final boss for investment company and variable contracts business
- What triggers an Office of Supervisory Jurisdiction (OSJ), with focus on final new account approval and final retail communications approval
- The one-year inspection rule for OSJs and any branch that supervises other branches, versus the three-year rule for non-supervising branches
- Why inspector independence matters and who is prohibited from performing the inspection
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 6 course also includes adaptive practice questions and spaced-repetition flashcards.