Do I Need Continuing Education After the Exam?

Yes, continuing education (CE) is required after passing certain FINRA exams, including the Series 6 and Series 7 licenses. However, the requirement varies depending on the specific license and role. Here’s an overview:

🔑 1. Series 6 Continuing Education

For professionals who hold a Series 6 license, continuing education is required every two years. The CE requirement is typically divided into two parts:

• Regulatory Element: This is a mandatory online training that focuses on regulatory updates and industry practices. It’s required for all registered representatives and must be completed every 3 years.
• Firm Element: This is determined by the firm you work for. It involves the completion of internal training programs to ensure you remain knowledgeable about changes in products and services. The frequency is determined by your employer.

🔑 2. Series 7 Continuing Education

Like the Series 6, Series 7 licensees also have to complete continuing education requirements:

• Regulatory Element: Every three years, Series 7 licensees must complete a Regulatory Element training, which covers regulatory changes, industry rules, and best practices.
• Firm Element: This is company-specific and depends on your employer’s training programs, similar to the Series 6. It’s an internal program that may vary in length and frequency.

🎯 Why Continuing Education is Important

• Stay Current: The financial services industry is always changing with new regulations, products, and market dynamics. Continuing education ensures that you remain knowledgeable and compliant with the latest industry standards.
• Maintain Your License: To keep your license active, you must meet the CE requirements. Failure to do so could result in disciplinary action, including the suspension or revocation of your license.
• Enhance Your Career: By keeping up with professional development, you demonstrate a commitment to maintaining a high standard of knowledge, which can improve your credibility and client trust.

📝 How to Complete Continuing Education

1. Regulatory Element: The Regulatory Element is provided by FINRA and is typically taken online. You’ll receive a notification from FINRA when your training is due.
2. Firm Element: Your employer will typically offer training programs or educational opportunities for you to meet the firm element requirements.

🔗 Conclusion

If you hold a Series 6 or Series 7 license, you are required to complete continuing education in the form of Regulatory Element training every 3 years and Firm Element training, which is determined by your employer. Make sure to stay up to date with your CE requirements to ensure that your license remains valid and you stay informed about regulatory changes and industry best practices.