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Illinois Series 7 License Exam Training

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Illinois Securities Licensing

In Illinois, there has been a growing demand for securities training. For those seeking a Series 6, 7, or 63 license, we have the courses you need at AB Training Center.Illinois Securities Licensing Courses

We have a variety of classes in several different formats from online training, recorded webcasts, self-study, seminars, and more. There is definitely no shortage on choices for the courses you need in order to pass your exams to obtain the license you desire. All of our courses have been designed specifically with the requirements set forth by the North American Securities Administrators Association (NASAA), who created these exams. With our training you will gain the knowledge you need in order to pass these exams with confidence and ease.

The growing demand for securities training in Illinois is due in part to the diverse and flourishing economy of the state. With highly successful industries like energy, agriculture, manufacturing, real estate, and tourism, it's only been a matter of time before securities training began to increase as well.

AB Training Center, we presently offer a great selection of courses available in Aurora, Chicago, Joliet, Naperville, Rockford, Springfield, and their neighboring areas. For information on all of the securities training courses we have to offer, please give us a call today.

Find Illinois Series 7 License Exam Training

To find Series 7, Series 6, or Series 63 exam training in Illinois, either click a Recommended Course below or use the search box. Good luck on your exam!

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More About Payroll Paycards

Legal Issues For Paycard Programs

Whenever an employer pays an employee there are legal requirements that must be met or at least considered. These requirements depend largely on what state is involved, and include:
  • Can employers mandate paycards?
  • What is considered timely payment in that state?
  • What method of payment does the state allow?
  • Does the state have any requirements for escheatment?
  • Does the state have a "without discount" requirement when cashing payroll checks or when an employee is paid?
  • Does the state have paystub requirements that must be met?
  • Does the state have laws to protect employees' right to choose a paycard or a payroll check?
Disadvantages Of Direct Deposit

Despite its many advantages, direct deposit also has a number of disadvantages that employers should consider before implementing a program. Among these disadvantages are:
  • Employers must regularly update the master file of information on direct deposit participants to make sure that terminated employees are not paid in error. This is one reason why companies with high turnover rates may find direct deposit too administratively burdensome
  • It is not "paperless". Employers must still process employee authorization forms and prepare the non-negotiable "pay information statements" that employees receive in lieu of their paychecks
  • Direct deposit transfers cannot be easily reversed when errors are made
  • The employer loses the "float" on payroll funds - i.e., interest earnings for the period between when a check is issued and when it actually is cleared by the employee's bank
  • The payroll processing "windows" may be shortened because of the minimum two-day processing time required for a direct deposit. Scheduling for holidays becomes even more complicated because of the shortened processing period
  • Some state laws require the employer to absorb bank service charges the employee may incur as a result of the direct deposit program
For more information about payroll paycards, view our Payroll Operations Training & Certification Program, which is where the information above is excerpted. This course also includes step-by-step strategies on how to set up a paycard program, including how to select a payroll paycard vendor.
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