Registration and Continuing Education: Rapid Fire
Chapters in this video
- 0:00 Registration status as the gatekeeper
- 0:44 Four steps from Sam to Riley
- 1:59 The unsolicited order trap
- 3:02 U4 history numbers and 30-day windows
- 4:51 Two CE buckets and CE inactive
- 5:50 State registration and the blue-sky analogy
- 6:18 Statutory disqualification and the indictment trap
- 7:29 Rapid-fire exam recap
What this video covers
- The four-step registration path: pass the Securities Industry Essentials (SIE), pass a top-off exam, obtain firm sponsorship, and file Form U4 through the Central Registration Depository (CRD)
- What registered persons may do (solicit, recommend, execute trades, supervise, open accounts) versus the clerical and administrative wall for non-registered persons
- Why non-registered persons cannot accept customer orders under any circumstances, solicited or unsolicited, and must transfer the call to a registered person
- Form U4 numerical traps: 10-year employment history, 5-year residential history, 30-day firm verification, and 30-day update deadlines
- Why fingerprinting is an SEC (not FINRA) requirement, and why registration goes inactive if prints are not received within 30 days
- The two continuing education buckets: FINRA's annual regulatory element and the firm's annual firm element with its written needs analysis
- Statutory disqualification triggers: 10-year felony or disqualifying-misdemeanor lookback from conviction date, the pending-indictment disclosure trap, and why nolo contendere counts as a conviction
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete SIE course in the app is free too, including adaptive practice questions and spaced-repetition flashcards.