FINRA Consolidated Registration Rules Go into Effect

    

The Securities and Exchange Commission (SEC) Regulatory Notice 17-30 became effective on October 1, 2018, impacting FINRA qualification and registration rules. 

According to the 26 page regulatory notice, the rule will create three main changes. 

(1) Adopt consolidated FINRA registration rules;

(2) Restructure the representative-level qualification examinations by creating a general knowledge examination called the Securities Industry Essentials (SIE) and transforming the representative-level examinations into specialized knowledge examinations;

(3) Amend the Continuing Education (CE)

For more about how this change impacts the industry, review the notice on FINRA's website here: http://www.finra.org/sites/default/files/Regulatory-Notice-17-30.pdf

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