FINRA Rule 1240 requires registered persons to complete the Regulatory Element courses annually by Dec. 31 for registrations they hold, unless a change occurs.
Registered persons who fail to complete requirements by the annual deadline will be automatically designated as CE inactive by FINRA, unless firms show a good cause.
All registered persons must access their assigned courses on the FinPro CE platform.
Firms must maintain a CE program for their registered persons to enhance securities knowledge, skills and professionalism, must complete AML, and compliance courses.
FINRA has also developed an online, centralized content catalog, Financial Learning Experience (FLEX), which firms may use for education and training for firm element.
Additionally, firms have the option in FinPro to set and require an earlier completion deadline than Dec. 31 for individuals to complete their Regulatory Element courses.
