FIRM ELEMENT ADVISORY - GENERAL

(NEW) Navigate the FEA

The Council has released the FEA in a new online format. The new webpage format provides easier access to relevant notices and resources about the specified subjects and will be updated quarterly to keep it current and relevant. The categories, listed on the left side of this page, are expandable and may contain additional information about suitability, supervision, and educational resources.

Resources

Guide to Firm Element Needs Analysis and Training Plan Development:  Suggestions for effectively performing the needs analysis and developing written training plans.

Continuing Education Regulatory Element Report:  A quarterly report, available through FINRA’s Report Center that compares a firm’s Regulatory Element Continuing Education performance with the industry at large for the same programs and modules. Firms should review the performance of their registered persons since the last needs analysis to determine if any modules or topics appear to warrant additional training. Firms may sign up to view the reports on FINRA’s Report Center.

FINRA Regulatory and Examination Priorities Letter:  A letter issued annually by FINRA that highlights new and existing areas of significance to FINRA’s examination program that may be useful when developing educational programs within a firm.

SEC Office of Compliance Inspections and Examinations:  A memorandum issued annually by the SEC's Office of Compliance Inspections and Examinations to communicate with investors and registrants about areas that are perceived by the SEC staff to have heightened risk, and to support the SEC’s mission to protect investors.

FINRA Investor Alert:  Periodic alerts that highlight products and sales practices of particular concern, which firms may use to supplement training materials.

FINRA Online Learning:  A collection of courses, webinars and podcasts that address a range of training topics for compliance personnel, registered persons, administrative staff, operations staff and those with supervisory responsibilities. Some of the courses offer completion tracking and deliver virtual compliance training that may be suitable for Firm Element Continuing Education.

MSRB Education Center:  A multimedia library of information that explains how the municipal securities market works and how participants can make informed decisions.

NASAA 2017 Enforcement Report  on 2016 Data (September 26, 2017): Enforcement Actions Against Licensed Broker Sales Agents

FINRA Topic Page – Small Firms:  FINRA has created this page to provide information for the small firm community—those firms with 150 or fewer registered representatives. This page contains current and past communications, links of interest to small firms, and other information.

The Council recommends using all available tools to make Firm Element planning as efficient and effective as possible.


Questions?

For more information, contact cecounciladmin@finra.org

Print or Search the FEA

Click the link below to access the full PDF of the Q2 2018 FEA. This format allows for easy to use search and print functions.

Q3 2018 Firm Element Advisory PDF

Historic FEA Information

FEA Materials

Firm Element Advisory - Q2 2018

Firm Element Advisory - Q1 2018

Firm Element Advisory - Q4 2017

Firm Element Advisory - Q3 2017

Firm Element Advisory - Q2 2017

Firm Element Advisory - Q1 2017

Firm Element Advisory - Fall 2015

Firm Element Advisory - Spring 2015

Firm Element Advisory - Fall 2014

Firm Element Advisory - Spring 2014

Firm Element Advisory - Fall 2013

Firm Element Advisory - Spring 2013