Devoted to Corporate Attorneys, Corporate Lawyers, and Corporate Counsel

The following is not meant to be legal advice.

Every representative at a broker-dealer needs to complete continuing education.  The firm element are house rules that require the firm to administer continuing education every year.  In the 1990s, the hours required were 16 hours.  The representatives could not get credits for hours if they happened to have taken more hours/courses previously.  There are no carryovers on hours.  Whether a class counts towards the continuing education depends on if the topic deals with securities.  For instance, an insurance class may not relate to securities and not count towards the continuing education hours.

A regulatory requirement requires a computer test.  The NASD sends notices to firms on the open windows.  The firm needs to find a test center such as a Sylvan Learning center for representatives to take the test.