Notice to Members 01-07

Important Reminders About Web CRD Notification of Regulatory Element Continuing Education Requirements and Inactive Registered Persons

NASD Regulation, Inc. wishes to remind firms that:

  1. The Web Central Registration Depository (CRDSM) system no longer mails printed notices ("yellow sheets") to firms about their registered persons' impending continuing education Regulatory Element requirements. Firms must access their Firm Queues on Web CRD1 to view continuing education information on their registered persons.
  2. When a registered person becomes inactive for failing to satisfy the Regulatory Element, all of his or her registrations are inactive and he or she may not engage in, or be compensated for, any activities that require a securities registration.
  3. CRD will e-mail firms whenever a registered person at the firm becomes inactive for failing to satisfy his or her Regulatory Element computer-based training requirement. Firms must request this service from CRD.

Questions concerning this Notice may be directed to to John Linnehan, Director, Continuing Education, NASD Regulation, Inc., at (240) 386-4684. Questions about Firm Queues should be directed to the Gateway Call Center at (301) 869- 6699, or Matt Swyndle, Continuing Education, NASD Regulation, Inc., (240) 386-4686.