Are there any continuing education requirements after I pass the Series 7 examination?

By Shauna Carther AAA
A:

Yes. According to the Securities Industry/Regulatory Council on Continuing Education (CEC), there are two parts to the CE requirement: the regulatory element and the firm element. The firm element (determined by the firm you work for) varies, as it is designed by the firm itself. It usually consists of an annual training program, tailored specifically to the employee and the skills and knowledge required for his or her job. These programs are created in accordance with minimum criteria and standards. Click here for more information regarding the firm element. For more specific information, contact your firm's registration department.

The regulatory element is overseen by the CEC. Professionals are required to take computer-based training modules once they have been registered for two years. This training must be completed within a 120-day period. The professional will then have to complete the regulatory element once every three years. Note that the registration anniversary date is not the day you passed the Series 7 examination: it is the date you became registered with a self-regulatory organization (SRO). For more on the regulatory element, click here.

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