FINRA's Continuing Education (CE) program has two elements. Which of the following correctly describes the Regulatory Element?

1. AIt only applies to supervisory personnel at broker-dealers
2. BIt is FINRA-administered training that registered persons must complete annually by December 31 for each registration they hold✓ Correct answer
3. CIt is a firm-developed training program tailored to specific job functions
4. DIt is optional for registered representatives who have been in the industry more than 10 years

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