Broker dealers are required under FINRA Rule 1120 to administer a continuing education program for its FINRA registered employees. The purpose of the program is to update registered employees on industry compliance matters such as new products and services and FINRA and SEC rules and regulations. There are two elements of broker dealer continuing education – the regulatory element and the firm element.

The regulatory element is administered by FINRA and focuses on industry standards, rules and regulations. Programs are adapted to address the levels of responsibility of specific FINRA license holders.

The firm element pertains to a broker dealer’s internal training program which should be designed to keep registered employees updated on company related matters. The maintenance of a continuing education Written Training Plan and an Annual Needs Analysis are an integral part of this element.

The Written Training Plan defines a broker dealer’s continuing education program and explains how the firm intends to meet their requirements. The plan must be reviewed annually for its effectiveness and modified accordingly. Additionally, an annual Needs Analysis must be conducted by the firm that is to be used in the development of the continuing education program.

Wall Street’s consultants have many years experience managing continuing education programs. It is also able to develop and manage the database requirements for individual continuing education tracking and scheduling for both regulatory element and firm element. In addition to the preparation of the Needs Analysis and Training Plan, Wall Street offers on-site training seminars that can be tailored to your specific firm needs.

Employee continuing education tracking Written Training Plan Needs Analysis On-Site Training

Continuing Education services include:

  • Employee continuing education tracking
  • Written Training Plan
  • Needs Analysis
  • On-site training