Continuing Education (CE)

FINRA, in conjunction with other self-regulatory organizations and the Securities Industry/Regulatory Council on Continuing Education, administers the continuing education program for the securities industry. (See FINRA Rule 1250.)

Continuing education consists of two mandatory programs:

  • the Regulatory Element
  • the Firm Element

The Regulatory Element requires all registered individuals to complete a computer-based training session within 120 days of the second anniversary of their initial registration date, and every three years thereafter. The program focuses on compliance, regulatory, ethical and sales practice standards. Its content is derived from industry rules and regulations, and accepted standards and practices in the industry.

There are currently four Regulatory Element programs:

  • S201 Program for registered Supervisors/Principals
  • S106 Program for Series 6 registered Investment Company Limited Representatives
  • S901 Program for Series 99 registered Operations Professionals
  • S101 Program for Series 7 General Securities registrants and all other registrations not covered  by the above programs

Costs


Regulatory Element CE sessions cost $100.

Duration


Regulatory Element CE sessions last three hours and 30 minutes.

Resources


The Regulatory Element Programs consist of content in an interactive format. Registered persons scheduled to take an S101, S106, S201 or S901 session should review the following tools to prepare for the programs.

International Testing


The Firm Element requires broker-dealers to establish a formal training program to keep covered registered persons up to date on job- and product-related subjects. In planning, developing and implementing the Firm Element, each broker-dealer must consider its size, structure, scope of business and regulatory concerns.

Each broker-dealer must administer its Firm Element Continuing Education Program in accordance with its annual Needs Analysis and Written Training Plan, and maintain records documenting the content and completion of the program.

FINRA publishes the Securities Industry Regulatory Council’s Firm Element Advisory, which identifies and recommends pertinent regulatory and sales practice issues for firms to consider including in their Firm Element training plans.

To learn more, visit the Securities Industry/Regulatory Council on Continuing Education (CE Council) website. It contains a wide range of continuing education information and publications regarding the Regulatory Element and Firm Element.

If you have questions about FINRA Rule 1250 and the Continuing Education Program or require assistance, please contact the Gateway Call Center at (301) 590-6500.

The Proprietary Traders Continuing Education Program (S501)


The Proprietary Trader Continuing Education Program (S501) is designed to reinforce the knowledge of rules and regulations concerning the securities markets, trading and prohibited practices, investment strategies, and products as applicable to the role of a Proprietary Trader.

The S501 Program is comprised of two modules. The content is primarily derived from rules and regulations, as well as standards and practices, although the specific requirements of certain rules may differ slightly among the various SROs/exchanges.

The Proprietary Trader Continuing Education Program requires all registered individuals to complete a computer-based training program within 120 days of the second anniversary of their approval date and every three years thereafter.

For more information about the S501 Proprietary Trader CE Program, visit the CBOE website.