Welcome Readers,
As we embrace 2024, the financial services industry is once again adapting to a continuously evolving regulatory framework. I'm Sarah Gedden, here to guide you through these changes and their implications for both industry professionals and aspiring candidates. Today, let’s discuss the updates impacting the Securities Industry Essentials (SIE) exam and other series exams like Series 6, 7, 10, 24, and 26, reflecting the dynamic nature of our industry.
The Evolution of Continuing Education – Regulatory Element
This year, a key focus is on the further development of the Continuing Education – Regulatory Element initiated by FINRA. Building on the changes implemented in 2023, this evolution continues to require registered individuals to complete the Regulatory Element annually by December 31 for each representative or principal registration they hold.
What This Means for You
For registered professionals, whether you have maintained your registration status unchanged after January 1, 2024, or re-register in 2024, you must ensure compliance with this requirement by December 31, 2024. Non-compliance could lead to being designated as CE inactive by FINRA, impacting your professional standing and ability to function in a registered capacity.
Updated Financial Guidelines and Contribution Limits
In addition to regulatory updates, 2024 brings revised guidelines and contribution limits for Qualified Retirement Plans. Staying abreast of these changes is essential for those preparing for the SIE or related exams, as these adjustments will be reflected in the exam content.
Implications for Exam Candidates
Candidates gearing up for the SIE or other related exams must understand and incorporate these regulatory and financial updates into their preparation. This knowledge is not only vital for exam success but also for professional practice in the ever-changing financial landscape.
Adapting and Thriving in Change
At Securities Coach, our commitment to your success is unwavering. We ensure our courses and study materials are consistently updated, aligning with the latest industry standards and regulatory changes. Our goal is to empower you with knowledge that extends beyond passing exams - to excel in your financial career.
As we navigate these changes together, let's view them as opportunities for professional growth and reinforcement of our industry expertise. Remember, staying informed and adaptable is essential in the dynamic world of finance.
Until next time,
Sarah Gedden