CE Council Releases Q1 2019 Firm Element Advisory

The Securities Industry/Regulatory Council on Continuing Education (Council) recently published its Q1 2019 Firm Element Advisory (FEA). In the report, the Council identifies regulatory and sales practice topics that firms should consider in their Firm Element training plans. Below is an overview of that advisory as well as some of Quest CE’s Firm Element courses.

Cryptocurrencies and ICOs

FINRA is monitoring developments in the digital asset marketplace and is undertaking efforts to ascertain the extent of FINRA member involvement related to digital assets.

Resources

Firm Element Courses: Cryptocurrency [See courses]


Anti-Money Laundering

Firms must maintain current AML programs and train staff appropriately. Provided below are options of courses that relate to AML rules, regulations and compliance.

Resources

Firm Element Courses: Advanced Anti-Money Laundering Overview, Anti-Money Laundering: Beneficial Ownership, Anti-Money Laundering Detection and Prevention for Agents, Anti-Money Laundering for Agents and Representatives: Overview, Detection and Prevention, Anti-Money Laundering for Wholesalers: Your Role in Detecting and Deterring Money Laundering Activity [See courses]


Business Continuity

Business continuity remains a priority for firms and their associated persons. It is important that firms maintain adequate business continuity and contingency plans, and ensure that employees are aware of and understand these plans.

Resources

 Firm Element Course: Business Continuity Planning [See courses]


Communications

FINRA issued guidance regarding the application of FINRA rules governing communications with the public to digital communications, in light of emerging technologies and communications innovations.

Resources

Firm Element Courses: FINRA Rule 2273 – Educational Communication Related to Recruitment Practices and Account Transfers, Changes to FINRA’s Public Communication Rules for Registered Representatives, Changes to FINRA’s Public Communication Rules for Supervisors, Electronic Communications for Registered Representatives, Communications with the Public: Best Practices for Wholesalers, Social Media: Supervision of Online Communication [See courses]


Cybersecurity

Given the evolving nature, increasing frequency, and sophistication of cybersecurity attacks – as well as the potential for harm to investors, firms, and the markets – cybersecurity practices are a key focus for FINRA.

Resources

Firm Element Courses: Cybersecurity for Registered Representatives, Cybersecurity for Supervisors, Cybersecurity, Cybersecurity and FINRA, Cybersecurity: Phishing, Phishing Awareness – The Human Factor of Security [See courses]


Duties and Conflicts of Interest 

FINRA published a Report on Conflicts of Interest in the broker-dealer industry to highlight effective conflicts management practices that may go beyond current regulatory requirements and identify potential problem areas.

Resources

Firm Element Courses: Conflicts of Interest, Department of Labor Fiduciary/Conflicts of Interest Rule, Conflicts of Interest for Institutional Clients, Identifying and Mitigating Conflicts of Interest, FINRA Restrictions on Broker Political Contributions [See courses]


Dispute Resolution 

Over the past several years, FINRA has found that some firms have failed to reasonably supervise brokers’ recommendations of multi-share class products. FINRA has raised concerns specifically regarding firms’ supervision of shareclass recommendations to customers of 529 savings plans.

Resources:

Firm Element Course: 529 Plans and ABLE Programs, FINRA Code of Arbitration and Mediation and Procedure [See courses]


Financial Responsibility Rules for Broker-Dealers

Resources

 Firm Element Course:  The Role of the FINOP [See courses]


Investment Banking 

Resources

Firm Element Courses: Understanding the JOBS Act of 2012, Private Placements, Advanced Private Placements, Private Placements – Vol. 2 [See courses]


Municipal Securities 

Resources

Firm Element Courses: MSRB Catalog >>


Options 

Resources

Firm Element Courses: Options Basic, Advanced Options Strategies, Alternative Investments [See courses]


Registration and Disclosure

Resources

Firm Element Courses: FINRA Rule 2010: The BrokerCheck Amendment, Electronic Communications for Registered Representatives [See courses]


Research 

Resources:

Firm Element Courses: Ethics and Research Analysts FINRA Conduct Rules, Research Analysts: Research Reports and Conflicts of Interest, and Information Barriers for Institutional Firm [See courses]


Senior Investors

Resources               

Firm Element Courses: Compliance Safety Measures when Working with Senior Investors, Protecting Senior Investors, Suitability: Red Flags for Seniors, Senior Exploitation and Regulatory Concerns [See courses]


Trading 

Resources

Firm Element Courses: Preventing and Detecting Unauthorized Trading, Securities Trading, Advanced Look at Insider Trading, Insider Trading, Best Execution and Debt Mark Ups, Order Execution Qualifiers [See courses]


Variable Annuities 

Resources

Firm Element Courses: A Professional’s Guide to FINRA Rules on Variable Annuities and Variable Insurance Prospecting, Fixed and Variable Annuities vs. Mutual Funds, Variable Annuities: The L Share Class, Suitability of Variable Annuity Products [See courses]


To view the complete Q1 2019 Firm Element Advisory, click here.