Question

Financial Industry Regulatory Authority (FINRA) has a continuing education requirement with the goal of making sure that all registered personnel are aware of industry changes. If a registered representative has just observed her second anniversary in the industry and did the required regulatory element CE, the next time she will be required to sit for the regulatory element is____________

Answer 1

A registered representative who has completed their required CE on their second anniversary with FINRA will be required to complete the next regulatory element CE on their fifth anniversary in the industry, as FINRA requires this training to be done every three years.

Step-by-step explanation:

The Financial Industry Regulatory Authority (FINRA) has a continuing education (CE) requirement that mandates registered representatives to participate in regulatory element training periodically to stay updated with industry changes. As the registered representative has just completed their CE at their second anniversary, the next time they will be required to undertake the regulatory element CE is in three years, making it their fifth anniversary in the industry. FINRA's rules stipulate that after the initial regulatory element training, subsequent training must occur every three years.