In this edition of Todd Talks, Todd Rosenfeld, Chief Learning Officer at STC, shares actionable best practices for implementing and managing FINRA Firm Element Continuing Education programs. Whether you’re in compliance, training, or senior management, these insights are designed to help you optimize your CE strategy.

Ready to enhance your Firm Element CE? Contact your STC Account Representative or Customer Success Manager for more details. Together, we’ll build a training program that aligns with your firm’s unique goals and ensures compliance.

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Join Todd Rosenfeld, Chief Learning Officer at Securities Training Corporation, as he unpacks the essentials of FINRA’s Firm Element Continuing Education (CE).

In this video, Todd dives into the Firm Element training requirements—what FINRA mandates for firms to ensure their team stays informed, compliant, and ethically grounded.

Key Takeaways:

• Firm Element Overview: Learn about the updates and how these impact compliance training, from AML integration to the expanded registration requirements.
• Annual Compliance Must-Haves: Understand the importance of an annual needs analysis, comprehensive training plans, and the critical record-keeping steps to maintain compliance.
• Ethics and Professional Responsibility: Todd emphasizes that Firm Element training isn’t sales-oriented but focused on ethical practices and up-to-date regulatory standards.
• Streamlined Training Solutions: Todd discusses how firms can tailor training to fit their business—wealth management, institutional sales, or investment banking.

This video is your roadmap to creating effective, compliant, and relevant Firm Element training. Catch Part Two for more on best practices!

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The post Todd Talks: FINRA Firm Element CE Part One appeared first on Securities Training Corporation.

Understanding these nuances between the FINRA Series 6 and Series 7 exams is crucial. These exams serve as stepping-stones in your career, shaping your expertise and determining your capabilities in the financial landscape. 

Whether you’re a newcomer eager to enter the securities industry or a seasoned professional seeking to expand your qualifications, this article will illuminate the distinct roles, responsibilities, and opportunities associated with each exam. We’ll explore key topics covered, test format intricacies, the scope of allowed activities, and preparation strategies – providing you with insights, tips, and everything you need to tailor your finance career effectively. 

The SIE Exam First 

Passing the FINRA Securities Industry Essentials (SIE) exam is truly the first step to entering the securities industry. Though the SIE exam serves as a corequisite to the Series 6 and Series 7 qualification licensing exams, it is still recommended to pass the SIE exam first. 

You are not required to be associated with a member firm to sit for the SIE exam. To properly prepare for the SIE exam, invest in a reputable training partner who provides all the materials and education you need to learn the necessary information to both succeed in the industry and pass your exam on the first try. 

Understanding FINRA Series 6 

The FINRA Series 6 exam is your gateway to becoming a registered representative authorized to sell certain types of investment products. Known as the Investment Company and Variable Contracts Products Representative Qualification Examination, the Series 6 is tailored for those who focus on mutual funds, variable annuities, municipal fund securities (529 Savings Plans) and insurance products. 

The Series 6 exam spans 50 multiple-choice questions, dissecting your understanding of essential investment concepts and regulations. These questions are spread across four main sections, focusing on the essential functions of an investment company representative. 

With a time allotment of 90 minutes, candidates must demonstrate understanding of investment companies and products, and the ethical and regulatory considerations tied to selling these products. A passing score of 70% is required to secure this license. 

Successfully passing the Series 6 exam empowers professionals to engage with clients seeking tailored investment solutions. This credential allows individuals to perform critical functions within the securities industry, ensuring they can confidently advise on mutual funds. 

The exam is an excellent starting point for those interested in working with mutual funds or insurance products. The Series 6 license, however, does not permit you to sell individual stocks or bonds. 

Exploring FINRA Series 7 

While the Series 6 exam opens doors to specific product sales, the Series 7 exam expands your capabilities. The Series 7, or the General Securities Representative Qualification Examination, grants broader access to a wider range of securities. 

Whether you’re drawn to stocks, bonds, or complex options strategies, this is the license that empowers you to engage with them all. It qualifies you to sell almost all types of securities products, including stocks, exchange traded funds (ETFs), bonds, mutual funds, and options. 

The Series 7 exam is comprehensive, consisting of 125 multiple-choice questions administered over 225 minutes. It evaluates your understanding of a vast array of subjects, including investment risk, taxation, equity and debt instruments, trading procedures, regulatory requirements, and retirement plans. A large percentage of the exam is suitability and making recommendations to customers. It is designed to test comprehensive knowledge of the securities industry. This extensive coverage equips securities professionals to provide diverse, well-rounded advice to their clients. 

Passing the Series 7 exam with a score of 72% qualifies you as a general securities representative. The Series 7 license allows you to work in various sectors, from retail and institutional brokerage firms to investment advisory roles. 

You’re able to offer a more comprehensive suite of services to your clients, significantly expanding your potential market. From equities to derivatives and beyond, this certification positions you as a versatile player in the securities industry, ready to tackle complex client needs with confidence. It’s ideal for those seeking a versatile and expansive career in financial services. 

Series 6 vs. Series 7: Key Differences 

Understanding the differences in exam content between Series 6 and Series 7 is crucial for determining which path aligns with your career goals. While both exams serve as critical milestones, they cater to different career paths and expertise levels. The Series 6 focuses on mutual funds and variable annuities, Series 7 encompasses a broader range of products. 

Series 6 candidates should prepare for questions related to investment company products and variable contracts. Expect to encounter questions on types of investment companies, primary and secondary distribution, and regulation of communications with the public. This exam focuses on your ability to advise clients on non-complex investment products. 

Series 7, on the other hand, dives deeper into a wider array of securities topics. Covering areas like customer accounts, options, and municipal securities, this exam ensures you grasp the intricacies of all major investment products. The broader coverage prepares you to provide comprehensive financial guidance across various securities. 

The time commitment also varies. The Series 6 exam typically requires around 40 hours of study time, whereas the Series 7 may demand upwards of 80-100 hours due to its extensive content. This difference in preparation reflects the complexity and breadth of the Series 7 exam. 

Another factor to consider is your career aspirations. If you aim to specialize in mutual funds or life insurance-related products, the Series 6 is sufficient. 

However, if you envision a career with diverse securities, including stocks and bonds, the Series 7 is more appropriate. Understanding the nuances of each exam’s content helps you target your preparation effectively. 

Benefits of Earning a Series 6 License 

Securing a Series 6 license offers several advantages. For starters, it enables you to work in niche areas such as mutual funds and insurance products, providing focused expertise to your clients. 

The Series 6 license is often seen as a stepping-stone, especially for those new to the financial industry. It allows you to build foundational knowledge without overwhelming complexity, making it ideal for entry-level positions. 

With the Series 6 license, you can start building your client base, offering valuable investment products that cater to long-term financial planning. This license lays the groundwork for a successful career, providing opportunities for growth without the immediate need for broader securities knowledge. 

Benefits of Earning a Series 7 License 

Meanwhile, the Series 7 license adds considerable value to your financial advisory career. By earning this license, you gain the ability to offer a full spectrum of investment services, from stocks and bonds to complex options trading. 

The Series 7 designation is highly regarded in the financial industry, often seen as a mark of comprehensive knowledge and expertise. It paves the way for diverse career opportunities, from institutional trading to portfolio management. 

Obtaining a Series 7 license not only enhances your credibility but also broadens your client offerings. It positions you as a versatile advisor capable of addressing a wide range of financial needs, making you an asset to any firm or client. 

Choosing the Right Path 

Choosing between the Series 6 and Series 7 exams depends on your career goals and the services you wish to offer. While both licenses enable you to work within the securities industry, each carries distinct advantages and opportunities. 

It’s important to keep in mind that which exam you take may also be decided by the firm you work for and the position you take on in that firm. For example, if your firm only sells mutual funds and annuities, they will only sponsor you for the Series 6. Most firms may not allow you to decide which exam to take, it will be chosen for you. 

But if you’re deciding, it’s imperative to know which path to focus on. If you’re focused on mutual funds, annuities, and insurance products, Series 6 aligns perfectly with your aspirations. This license allows you to specialize in non-complex securities, providing expert guidance to clients seeking conservative investment solutions. 

On the other hand, if you’re eager to explore a broader range of securities and engage in more dynamic investment strategies, Series 7 offers the versatility you need. This license positions you to tackle complex client needs, offering comprehensive solutions across various asset classes. 

Your decision should reflect your desired role within the industry and the clients you aim to serve. By aligning your choice with your professional goals, you set the stage for a fulfilling, impactful career. 

Preparation Strategies for Success 

Preparation is key to succeeding in both Series 6 and Series 7 exams. Developing a disciplined study plan, utilizing online resources, and taking practice tests can significantly boost your confidence and readiness. 

Here are exam prep programs that are ideal to help you pass the first time: 

• SIE Exam Prep  
• Series 6 Exam Prep 
• Series 7 Exam Prep 

Focus on understanding the core concepts rather than rote memorization. Both exams test your ability to apply knowledge in real-world scenarios, making comprehension essential for success. 

Break down the content into manageable sections, focusing on one topic at a time. This method prevents you from becoming overwhelmed and allows for deeper understanding of each subject area. 

Here are some strategies to help you prepare: 

1. Understand the Exam Format: Familiarize yourself with the structure and content of the exam you’re taking. Knowing the types of questions and areas of focus enables you to allocate your study time wisely. 
2. Utilize Study Materials: Invest in high-quality study materials, including online courses and practice exams. Consider enrolling in preparatory classes to gain insights from experienced instructors. 
3. Create a Study Schedule: Consistency is key. Develop a study schedule that allows for regular review sessions and practice tests. Allocate more time to challenging subjects to ensure comprehensive understanding. 
4. Practice with Real-life Scenarios: Apply your knowledge through real-life scenarios and case studies. This approach helps reinforce your understanding and prepares you for the practical application of concepts. 
5. Seek Support: Join study groups or forums to connect with fellow candidates. Sharing insights and discussing challenging topics can enhance your learning experience. 

By implementing these strategies, you increase your chances of passing the exam and securing your desired license, paving the way for a successful career in securities. 

Navigating Exam Challenges 

Both the Series 6 and Series 7 exams present unique challenges that candidates must overcome to succeed. Recognizing and addressing these challenges is crucial for a positive exam outcome. 

Common challenges include time management, information overload, and test anxiety. To overcome these, set realistic goals and stick to a consistent study routine. 

Here’s how to tackle them effectively: 

1. Time Management: Both exams have time constraints, requiring you to manage your time effectively. Practice answering questions within the allotted time to develop a sense of pacing. 
2. Understanding Complex Topics: Series 7, in particular, covers intricate topics that may require additional focus. Break down complex concepts into manageable parts and seek clarification when needed. 
3. Stress Management: Exam pressure can affect your performance. Implement stress-reduction techniques, such as deep breathing and visualization, to maintain focus during the exam. 
4. Avoiding Common Pitfalls: Familiarize yourself with common exam pitfalls, such as misinterpreting questions or overlooking important details. Read questions carefully and double-check your answers. 

By anticipating and addressing these challenges, you position yourself for success, ensuring that you’re well-prepared to tackle the exam with confidence. 

Series 6 vs. Series 7 – What’s Next? 

Navigating the world of securities licensing involves understanding the differences between FINRA Series 6 and Series 7 exams and selecting the path that aligns with your career aspirations. Both exams offer unique opportunities for aspiring candidates to specialize and advance their careers. 

Whether you’re focused on mutual funds and annuities or excited by a broader range of securities, obtaining the right license is a testament to your commitment to excellence. By understanding the nuances of each exam, preparing diligently, addressing challenges, and leveraging available resources, you position yourself for a successful career in the securities industry. 

Remember that your dedication and perseverance are key drivers of success. With the right mindset and preparation, you’re on the brink of a rewarding and impactful career in the securities industry. 

Ready to take the next step? STC has the experts to help you unlock your full potential as a securities professional. Learn more today! 

SIE Exam Prep | Series 6 Exam Prep | Series 7 Exam Prep 

The post Differences Between the FINRA Series 6 Exam and Series 7 Exam appeared first on Securities Training Corporation.

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For aspiring professionals, the Securities Industry Essentials (SIE) Exam is a crucial gateway, often serving as the first step in this journey. But why is SIE Exam prep so crucial? Preparation for this exam is not just important – it’s essential for success. 

Why SIE Exam Prep is Crucial for Your Career 

The SIE Exam is designed to assess your foundational knowledge of the securities industry. It’s the first step towards obtaining a license to practice in various securities fields. Proper preparation can make a significant difference in your exam performance and, ultimately, your career trajectory. 

Without adequate preparation, even the most dedicated students and professionals may find themselves struggling to pass. Investing time and effort into thorough SIE Exam prep can set you apart from your peers and pave the way for a successful career in finance. 

Understanding the SIE Exam Structure 

Before you begin your study regimen, it’s important to understand the structure of the SIE Exam. The exam consists of 75 multiple-choice questions, and you have 105 minutes to complete it. The topics covered include knowledge of capital markets, understanding products and their risks, trading, customer accounts, and regulatory requirements. 

Familiarizing yourself with this structure helps you know what to expect and allows you to tailor your study plan accordingly. Knowing the exam format can reduce anxiety and improve your confidence as you prepare. 

Want to know even more about the SIE Exam? Check out our articles: 

• All You Need to Know About the SIE Exam 
• Common Mistakes to Avoid When Studying for the SIE Exam 

Benefits of Effective SIE Exam Prep 

Effective SIE Exam prep offers numerous benefits. The SIE Exam covers a broad range of topics, including basic securities concepts, regulatory agencies and their functions, product knowledge, and the fundamentals of market structures. 

A strong grasp of these areas is essential, not just for passing the exam but for your entire career. Thorough preparation ensures that you understand these foundational elements, which will be built upon in later qualifications and real-world experiences. 

Here are even more benefits of proper SIE Exam prep: 

1. Confidence: Good preparation boosts your confidence. When you know you’ve studied diligently and comprehensively, you’ll feel more assured during the exam. Confidence can significantly impact your performance, helping you to think clearly and answer questions accurately.
2. Pass on Your First Try: Thorough preparation increases your chances of passing the exam on the first try. This is particularly important for career changers and students who want to quickly transition into the securities industry. Passing the SIE Exam promptly can accelerate your career progress and open up new opportunities.
3. Regulatory Compliance: The financial industry is highly regulated, and professionals must adhere to strict guidelines to protect investors and maintain market integrity. The SIE Exam tests your knowledge of regulatory agencies like the SEC (Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority), along with rules and regulations that govern the industry. Preparing for the exam means you’ll not only pass the test but also be better equipped to navigate the regulatory landscape in your professional life.
4. Competitive Edge: The financial services sector is competitive, with numerous candidates vying for the same roles. Successfully passing the SIE Exam, especially with a high score, sets you apart from the competition. It demonstrates your commitment to the profession and your willingness to go the extra mile to master the essentials. Recruiters and employers often view a strong SIE Exam score as an indicator of a candidate’s potential for success in more advanced exams and roles.
5. Career Progression: Passing the SIE exam is often a prerequisite for taking more specialized qualification exams, such as the Series 6, 7, 63, or 79. Without passing the SIE, your path to these critical licenses is blocked. Solid exam preparation ensures you clear this first hurdle, opening the door to further certifications and career advancement opportunities.
6. Real-World Application: The knowledge you gain from preparing for the SIE Exam isn’t just for the test—it’s knowledge you’ll use daily in the securities industry. Understanding securities products, markets, and regulations will help you make informed decisions, advise clients effectively, and stay compliant with industry standards. Your preparation lays the groundwork for applying these concepts in real-world scenarios.
7. Personal and Professional Discipline: Effective SIE exam preparation requires a disciplined approach, including time management, study planning, and self-motivation. These are not just study skills; they are professional habits that will serve you throughout your career. The discipline you develop during your exam prep will translate into your work ethic and your ability to handle the pressures of the financial industry. 

 Comparing STC’s SIE Exam Prep Packages: Which One is Right for You? 

Knowing that SIE Exam prep is crucial for both passing the test and setting your career up for success means you should look for the best training partner. Securities Training Corporation (STC) has the experience and expertise to help you pass the exam the first time. 

STC offers three distinct pre-licensing packages designed to cater to different learning preferences and needs. Here’s a detailed comparison of our Standard, Premier, and Premier Plus packages to help you choose the best option for your study plan. No matter which package you choose, we GUARANTEE that you will pass if you follow our instructional design. Check out the STC Pass Guarantee, included on all SIE exam prep packages. 

Standard Package 

The Standard Package is ideal for modern learners who prefer a digital, self-paced approach. It offers immediate access to a variety of training resources, allowing you to customize your study plan to fit your needs. The paperless format provides the flexibility to study at your own pace, making it a great option for those who prefer to manage their own schedule. 

Key Standard Package Features: 

• Access to Instructor Hotline: Get your questions answered by experts. 
• Crunch Time Facts: Focus on essential exam content. 
• 24/7 Tech Support: Assistance whenever you need it. 
• Online Study Manual: Digital access to comprehensive study material. 
• Final, Progress, and Green Light Exams: Evaluate your readiness with various exam types. 
• On-Demand Lectures & Flashcards: Flexible learning tools. 

Premier Package 

The Premier Package is designed for learners who benefit from both digital and physical resources. It includes everything in the Standard Package, plus a printed study manual for those who prefer to highlight and make notes. This package provides targeted resources to help you understand complex topics and includes On-Demand Lectures and Flashcards to reinforce learning. 

Key Premier Package Features: 

• Printed Study Manual: Ideal for note-taking and in-depth study. 
• Targeted Training Resources: Focus on challenging areas. 

Premier Plus Package 

The Premier Plus Package is our most comprehensive option, offering a blend of live and recorded instruction. It includes Instructor-led Live Virtual or In-Person Classes for in-depth understanding and flexibility with Recorded Live Virtual Classes. This package is perfect for those who seek a more interactive learning experience and personalized support.  

Key Premier Plus Package Features: 

• Live Virtual Class & SIE Q & A Sessions: Interactive sessions for detailed instruction. 
• Recorded Live Virtual Classes: Review at your convenience. 
• Most Comprehensive Study Package: Extensive resources and support. 

Choosing the Right Package 

Selecting the right SIE Exam prep package depends on your learning style and needs. Whether you prefer a flexible, digital approach with the Standard Package, a combination of print and digital resources with the Premier Package, or an in-depth, interactive experience with the Premier Plus Package, STC has the tools and support to help you succeed. 

Getting SIE Exam Prep Right 

The importance of SIE Exam prep cannot be overstated. It’s the foundation of your future career in the securities industry. 

Proper preparation not only ensures you pass the exam but also equips you with the knowledge, skills, and confidence needed to succeed in the industry. By dedicating time and effort to your SIE Exam prep, you are investing in your future and laying a strong foundation for a successful and rewarding career in securities. 

Don’t just aim to pass – aim to excel. Explore STC’s SIE Exam prep training packages and choose the one that best fits your study needs. Or contact us today to learn more about how STC can support your journey to becoming a successful securities professional!  

Explore Packages | Contact Us for More Information 

The post The Importance of SIE Exam Prep: Your Gateway to a Securities Industry Career appeared first on Securities Training Corporation.

Are you considering a career in the securities industry? 

The Securities Industry Essentials (SIE) Exam is your gateway to a rewarding career in finance. 

This helpful infographic provides several key facts and figures to help you understand what the exam entails and how you can prepare for it effectively. 

You’ll learn: 

• What the exam entails 
• How to register
• Exam format
• Content breakdown
• Study tips 
• Resources to help you pass 

Explore SIE Exam Prep Packages  

The post SIE Exam: Key Facts and Figures  appeared first on Securities Training Corporation.

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1. Relying Solely on Memorization 

One of the most common mistakes students make is focusing too heavily on memorizing facts and figures rather than understanding the underlying concepts. While memorization can help with some of the exam’s specific questions, it’s essential to grasp the broader principles that govern the securities industry. 

• Mistake: Relying on flashcards or rote memorization without understanding the “why” behind the concepts. 

• Solution: Focus on understanding key concepts such as market structures, investment products, and regulatory requirements. Use study materials that explain the reasoning behind each topic and try to apply these concepts to real-world scenarios. 

2. Neglecting to Review all Exam Topics  

Another pitfall is failing to review all the topics covered on the SIE Exam. Some students may spend excessive time on areas they are already familiar with while neglecting less familiar or more challenging topics. 

• Mistake: Spending too much time on one section and ignoring others. 

• Solution: Create a study plan that allocates time to all sections of the exam. Use supplimental exams and quizzes to identify areas where you need more review. Ensure you cover each topic sufficiently to avoid surprises on exam day.   

3. Overloading Your Study Sessions 

Studying for long, uninterrupted periods without breaks can lead to burnout and diminished retention. It’s essential to balance your study sessions to maintain focus and effectiveness. 

• Mistake: Cramming for long hours without adequate breaks. 

• Solution: Implement the Pomodoro Technique or similar time-management strategies. Study in focused blocks of 25-50 minutes with short breaks in between. This helps maintain concentration and prevents fatigue. 

4. Ignoring Practice Exams 

Practice exams are a crucial component of your study strategy. Some students may skip practice tests, thinking they’ll be able to perform well without them, or they may not use them effectively. 

• Mistake: Not taking enough practice exams or not analyzing the results. 

• Solution: Regularly take full-length practice exams under timed conditions to simulate the test environment. Review your answers, especially the incorrect ones, to understand where you need improvement. This will help you become familiar with the exam format and question types. 

5. Lack of a Structured Study Plan 

Without a clear study plan, it’s easy to become disorganized and overwhelmed. A structured approach helps you stay on track and ensures you cover all necessary material. 

• Mistake: Studying sporadically without a set plan. 

• Solution: Develop a detailed study schedule that outlines what you will study each day leading up to the exam. Include time for review and practice tests, and adjust the plan as needed based on your progress and performance. 

6. Not Utilizing Available Resources 

Many students miss out on valuable study tools that can significantly boost their preparation. STC offers a comprehensive range of resources, including detailed study tools, interactive online courses, and extensive practice exams. 

• Mistake: Overlooking essential study aids and resources. 

• Solution: Maximize your study efforts by using STC’s expertly designed study tools such as flashcards and supplemental exams, engaging online courses, and SIE practice exams. By utilizing STC’s SIE Exam prep, you’ll benefit from expert content and guidance from industry-leading instructors. This support ensures you receive comprehensive insights and effective strategies, helping you reinforce your knowledge and excel in your preparation. 

7. Underestimating the Importance of Rest and Health 

Lastly, neglecting your physical and mental health can significantly impact your study effectiveness. It’s crucial to maintain a balanced lifestyle during your preparation period. 

• Mistake: Ignoring rest, exercise, and nutrition. 

• Solution: Ensure you get adequate sleep, eat a balanced diet, and engage in regular physical activity. Incorporating relaxation techniques or mindfulness practices can also help manage stress and improve focus. 

Ace the SIE Exam 

Preparing for the SIE Exam requires a well-rounded approach that goes beyond simple memorization. By avoiding common mistakes, creating a balanced study routine, and focusing on understanding key concepts, you can enhance your chances of success. Remember to use all available resources, maintain your well-being, and practice regularly to ensure you are fully prepared for exam day.  

Ready to ace the SIE Exam? Explore our comprehensive study materials and practice exams to set yourself up for success. Contact us today to learn more about how we can support your exam preparation journey! 

Explore SIE Exam Prep Packages  

The post Common Mistakes to Avoid When Studying for the SIE Exam appeared first on Securities Training Corporation.

What is Firm Element training?

Firm Element training is a FINRA requirement aimed at keeping registered financial professionals on top of their game. Whether produced by the broker-dealer or sourced externally from providers such as Securities Training Corporation, this annual training keeps you in the loop on industry changes and new developments. It’s extremely useful for financial professionals, offering insights into new product training and helping them stay current with changes in securities laws and FINRA regulations. Plus, FINRA recently updated the minimum criteria for Firm Element training, placing more emphasis on topics related to professional responsibility and the duties of a registered person.

Does my firm need a written Firm Element training plan?

Yes, a written training plan is necessary, and it should detail the program specifics, objectives, and other relevant information. While FINRA doesn’t specify what topics you should include, it does suggest certain focus areas. Firms must do an annual needs analysis to identify training requirements and keep employees updated on job- and product-related subjects. Firms can choose various topics that cater to each individual’s unique needs.

Who needs to complete the Firm Element Continuing Education?

As of January 1, 2023 FINRA requires all registered individuals, including those who only hold a permissive registration (i.e., those employed by a broker-dealer but not requiring registration) to complete the training. Firms can count any training related to their anti-money laundering compliance program and their mandatory annual compliance meeting towards an individual’s annual Firm Element requirement.

What is the Annual Compliance Meeting about?

The ACM is a mandatory meeting for all registered persons which can be attended in person, remotely, or on demand. Essentially, the ACM gives registered persons regular opportunities to discuss compliance issues, and helps firms ensure their employees stay updated on regulatory changes or modifications in firm policies. Proof of attendance at these meetings must be kept for record-keeping purposes.

Can you stay qualified even if you leave the industry?

FINRA has updated its continuing education and registration rules to better accommodate individuals, especially women and underrepresented minorities, who may need to step away from the industry for a while. With these changes, eligible individuals can keep their qualifications for any terminated registration categories through the new Maintaining Qualifications Program (MQP).

If you’re a registered person leaving a member firm, you can keep your qualifications for up to five years without having to requalify by exam or get an exam waiver. Here’s how:

• Join the MQP
• Pay the annual program fee of $100
• Keep up with your annual CE requirement

Remember, this doesn’t do away with the existing two-year grace period before you must requalify by examination after leaving a job. Instead, the MQP gives you an alternative way to stay updated on your regulatory and securities knowledge for up to five years after ending your registration(s).

What is the Firm Element Needs Analysis Quarterly Highlights?

This is a guide published by the Securities Industry/Regulatory Council on Continuing Education (Council) for financial professionals can use to identify some of the topics to include in Firm Element training plans. You can take advantage of this resource here.

What’s new in the Firm Element rules as of December 2023?

In Q4 2023, there were key updates in three Firm Element categories:

How can my firm make Firm Element planning easier?

If you’re on the hunt for Firm Element solutions, STC has you covered! With a robust process to keep registered persons in compliance, STC’s Firm Element training offers important benefits:

• An Impressive Course Catalog: Choose from over 100 courses covering the latest industry trends and compliance topics to meet your CE requirements.
• Reliable Course Content: Crafted by top industry professionals, our course content is regularly updated to reflect the most recent regulatory changes. You can trust you’re getting the best.
• Complete Customization: Our team of content experts is ready to create new courses swiftly and effectively, freeing up your time for other important tasks.
• Simple and User-Friendly: With over 20 courses available in SCORM-wrapped courseware, you can easily deploy training on your own LMS. Plus, our dedicated implementation team ensures a smooth training experience for your employees.
• Unmatched Support: Our expert team remains ready to assist customers and guarantee an exceptional learning experience.

STC is always a step ahead! We regularly refresh our courses and craft new ones, keeping in line with our clients’ needs and the ever-evolving regulatory landscape. No matter the size of your company, you can enjoy 24/7 access to our training packages, with flexible options for single or multi-year subscriptions.

For a glance at our current Firm Element courses, why not check out our course catalog? Here’s the link: STC Firm Element CE Catalog.

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