Michigan Securities Licensing
At AB Training Center, we offer a huge selection of classes for those seeking a series 6, 7, or 63 license or designation in Michigan.
We have a variety of courses offered as self-study, seminars, and even OnDemand versions are available. If you can't make it to a class, the recorded classes are a great way to catch up on what you've missed and never fall behind in your lessons. Everyone has their own busy schedule and there's no better way to start or catch up on your education for your licensure than with the convenience we have to offer. There's no time like today to get your career on the fast track to success.
Major industries for Michigan include automobiles, information technology, aerospace, military equipment, iron, copper, furniture, agriculture, and many more. With all of these sectors being such large contributors to the state's economy it's no wonder why securities training courses are in such high demand.
AB Training Center has a large number of courses available in Ann Arbor, Detroit, Flint, Grand Rapids, Lansing, Warren, and more. Please contact us today to find out all about our training courses we have waiting for you.
Find Michigan Series 6, Series 7, or Series 63 License Training
To find Series 7, Series 6, or Series 63 exam training in Michigan, either click a Recommended Course below or use the search box. Good luck on your exam! |
More About Payroll PaycardsLegal Issues For Paycard ProgramsWhenever 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 DepositDespite 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. |
