Commissions - Explore the commissions that investors must pay when they trade securities. This tutorial discusses what commissions pay for and how brokerages assess their commissions. A chart accompanies the text for illustration. You'll also learn the difference between fixed and negotiated commissions and how mutual fund commissions work.

Delivery of Securities - In this tutorial, you will learn what regulations govern the delivery of securities from seller to buyer. You will discover what requirements both brokers and customers must follow, as well as how the security certificates must be endorsed to ensure a legitimate trade. Finally, learn the role of the National Securities Clearing Corporation in delivering securities.

Margin Accounts - This tutorial explains what margin accounts are, why investors use them, and how they work. It tells you how to set up a margin account with a broker, and what risks are involved in opening these kinds of accounts. You will also learn the regulations governing these accounts, and you will be introduced to the concept of margin calls.

The NASDAQ - Find out what makes this computerized security trading network an important part of the investment process. In this tutorial, you will learn what the NASDAQ is, how it is different from the stock exchanges, and how investors make trades over it. The tutorial includes a look at the personnel who work on the NASDAQ, such as brokers, dealers, and market makers.

The Over-the-Counter Market - What kinds of investments might you find in the over-the-counter (OTC) market, and what makes it a valuable place to buy securities? You will find out in this tutorial, which explains what the OTC is and how it is regulated. There is also a section devoted to the NASDAQ, the most well-known part of the over-the-counter market.

Tracking and Confirming Your Trade - This is a look at the recordkeeping aspect of buying and selling securities. Learn about confirmation notices and the periodic reports sent to investors by their brokers. The confirmation notice is explained with respect to what it is and what information it includes, such as the settlement date. The periodic reports are covered with respect to the information detailed, such as purchases and sells.