Member Filing and Contact Information
Chapters in this video
- 0:00 Stale contact info as independent rule violation
- 1:02 CRD versus FCS: two distinct systems
- 2:45 Principal designation record who and why
- 4:25 Three-step workflow when principals change
- 5:17 Three and two retention rule for compliance records
- 6:59 Compliance manual exception: in use plus three
- 7:30 Rapid-fire exam recap
What this video covers
- Why failure to maintain current contact information is an independent rule violation, even when no other misconduct occurred
- The difference between the Central Registration Depository (CRD) for individual filings and the FINRA Contact System (FCS) for firm-level contacts
- The mandatory firm-level contacts in FCS: Executive Representative, Emergency Contact Persons (ECPs), and role-based regulatory contacts
- Who belongs on the principal-designation record, and why seniority alone does not qualify someone for the list
- The three-step workflow when a designated principal leaves: update the record first, then resume compliance activity
- The 3-year total retention period for compliance, supervisory, and procedural review records, with 2 years easily accessible
- The compliance manual exception: easily accessible for entire time in use, plus 3 years after retirement
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 24 course also includes adaptive practice questions and spaced-repetition flashcards, free through the end of 2026.