SIE practice questionmediumContinuing Education - Firm Element
Which of the following best describes the Firm Element of FINRA's continuing education program?
- AA FINRA-administered computer-based training that must be completed every three years
- BA one-time orientation training for newly registered persons
- CAn annual, firm-developed training program that addresses the firm's specific business activities and regulatory developments✓ Correct answer
- DAn SEC-mandated ethics course required every five years
Explanation
Why C — An annual, firm-developed training program that addresses the firm's specific business activities and regulatory developments
The Firm Element (FINRA Rule 1240) requires each member firm to develop and administer an annual training program for its registered persons. The content must be tailored to the firm's business model, products, and current regulatory issues. This differs from the Regulatory Element, which is FINRA-administered and completed annually by December 31 for each registration held.
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