Information Memo 01-40
Market Surveillance
11 Wall Street
New York, NY 10005
Number 01-40
November 21, 2001
| ATTENTION: | MANAGING PARTNER, CHIEF EXECUTIVE OFFICER, BRANCH OFFICE MANAGERS, COMPLIANCE OFFICER, TRAINING AND HR DIRECTORS |
| TO: | ALL MEMBERS AND MEMBER ORGANIZATIONS |
| SUBJECT: | CONTINUING EDUCATION FIRM ELEMENT ADVISORY |
Exchange Rule 345A (Continuing Education for Registered Persons) requires members and member organizations to maintain a current training program specifically tailored to their business for registered persons who have direct contact with customers, and for their immediate supervisors. That training, the Firm Element of the Securities Industry Continuing Education Program, must be evaluated and updated at least annually. The Exchange, in conjunction with the Securities Industry/Regulatory Council on Continuing Education, has identified topics that are particularly relevant to the industry at this time and may be appropriate for members and member organizations to include in their Firm Element training.
Each member and member organization should consider the relevance of the topics identified in the attached Advisory to the member's or member organization's lines of business and training needs. The attachment provides further direction for reviewing and considering the topics.
The Firm Element Advisory can also be located on the Securities Industry/Regulatory Council on Continuing Education's website at www.securitiescep.com.
Questions about the Continuing Education Program should be directed to Roni Meikle at (212) 656-2156 or Patricia DeVita at (212) 656-2746.
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Salvatore Pallante
Executive Vice President
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