SIE practice questionmediumContinuing Education
FINRA's Continuing Education (CE) program has two elements. Which of the following correctly describes the Regulatory Element?
- AIt only applies to supervisory personnel at broker-dealers
- BIt is a computer-based training session required within 120 days of a registered person's second registration anniversary and every three years thereafter✓ Correct answer
- CIt is a firm-developed training program tailored to specific job functions
- DIt is optional for registered representatives who have been in the industry more than 10 years
Explanation
Why B — It is a computer-based training session required within 120 days of a registered person's second registration anniversary and every three years thereafter
The Regulatory Element of FINRA's CE program is a computer-based training program that registered persons must complete within 120 days of their second registration anniversary and every three years thereafter. If not completed on time, the individual's registration becomes inactive. The Firm Element (choice A) is a separate, firm-developed annual training program. CE requirements are not optional and apply to all registered persons, not just supervisors.
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