FINRA Series 6 Investment Company and Variable Contracts Products Representative ExaminationProfessional Conduct and Ethical ConsiderationsEasy
A registered representative has recently passed the Series 6 exam. To maintain their registration, they are required to complete Continuing Education (CE). Which component of the FINRA CE requirement must be completed within 120 days of their second anniversary of registration and every three years thereafter?
- AFirm Element
- BProduct Element
- CEthics Element
- DRegulatory Element
Show answer & explanationAnswer & explanation
Correct answer: D. Regulatory Element
The Regulatory Element of FINRA's Continuing Education requirements must be completed within 120 days of the second anniversary of an individual's initial registration and every three years thereafter.
Why the other options are wrong
- A. The Firm Element is an annual requirement determined by the firm, not tied to specific anniversary dates.
- B. There is no specific 'Product Element' as a formal FINRA CE component.
- C. While ethics is covered, there is no standalone 'Ethics Element' as a formal FINRA CE component; it's integrated into other elements.
FINRA CE - Regulatory Element
One of two components of FINRA's Continuing Education program, requiring registered individuals to complete a prescribed training program within 120 days of their second registration anniversary and every three years thereafter.
- Administered by FINRA.
- Focuses on regulatory requirements and industry rules.
- Mandatory for all registered persons.
- Timing: 2nd anniversary + 120 days, then every 3 years.
Memory trick: CE has two parts: Firm for yearly smarts, Regulatory for triennial starts.