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SELECTED_YEAR Learning Plan

The Regulatory Element provides training on significant rule changes and other regulatory developments. Courses focus on new and amended rules, industry trends and core knowledge areas relevant to each registration category.

The Regulatory Element Learning Plan below has been created based on the registration categories that were selected.

SELECTED REGISTRATION CATEGORIES

2025[X]

TOPICS AND COURSE DESCRIPTIONS

Prohibition on Borrowing From or Lending To Customers

Amended Rule Overview: Rule 3240 (Prohibition on Borrowing From or Lending to Customers)

This course provides an overview of the most recent amendments to FINRA Rule 3240 (Prohibition on Borrowing From or Lending to Customers). The amended rule’s effective date is April 28, 2025.

Typical Completion Time: 10-25 Minutes

T + 1

Amended Rules: Clearance and Settlement Under T + 1

This course reviews rule changes related to the recent transition to T + 1 settlement. It also discusses best practices to help firms comply with these changes and prevent fails to deliver of securities.

Typical Completion Time: 15-30 Minutes

Trading Restrictions on Research Analysts

This course focuses on research analyst account trading restrictions and limitations. It also provides information about the type of securities accounts and individuals that are subject to these restrictions and limitations.

Typical Completion Time: 10-20 Minutes

Distributions and Restricted Periods Under Regulation M

Providing Pricing Integrity: Responsibilities Under Reg M

This course explains how to identify a distribution under SEC Regulation M’s Rule 101 and how to comply with the applicable restricted period, including providing notification to FINRA.

Typical Completion Time: 10-25 Minutes

Regulation SHO

Short Sale Essentials: Reg SHO Requirements

This course reviews the regulatory obligations for individuals entering short orders and examines the red flags of manipulative behavior related to these trades.

Typical Completion Time: 15-35 Minutes

Customer Account Transfers Under MSRB Rule G-26

Municipal Securities Customer Account Transfers

This course reviews MSRB Rule G-26, which outlines the requirements governing the transfer of municipal securities and establishes a standardized process among firms.

Typical Completion Time: 10-20 Minutes

Institutional Options Communications

Managing Institutional Options Communications

This course focuses on approval, distribution and recordkeeping requirements for institutional options communications.

Typical Completion Time: 10-20 Minutes

Supervisory Considerations for Unapproved Communication Methods

Ensuring Teams Communicate Compliantly

This course gives learners the opportunity to practice applying supervisory considerations related to unapproved communication methods.

Typical Completion Time: 10-20 Minutes

Unapproved Communication Methods

Communicating Compliantly

In this course, learners will explore why it’s critical to use firm communication tools appropriately and how they can communicate compliantly.

Typical Completion Time: 10-20 Minutes

Customer Screening

Customer Screening Overview

This course explores how successful customer screening—including recognizing and reporting suspicious activity—helps registered representatives maintain accurate records and prevent financial crimes.

Typical Completion Time: 10-25 Minutes

Regulation BI’s Care Obligation – First Component

Reg BI: Understanding the Investment or Investment Strategy

This course focuses on the first component of SEC Regulation BI’s Care Obligation: the obligation to understand the investment or investment strategy being recommended (“Reasonable Basis”).

In this course, learners will apply the SEC's guidance on understanding an investment or investment strategy and explore effective practices for ensuring that registered persons understand the investment or investment strategy.

Typical Completion Time: 10-25 Minutes