Training Materials
S101 and S106 Regulatory Element Programs
The S101 and the S106 Programs lead participants through scenarios depicting situations faced by registered persons in the course of their business. The format of the scenarios in the S101 and S106 are computer interactive text-based featuring audio segments. After reading the scenario, the participant must demonstrate their understanding of the issues by choosing the most appropriate response(s) to questions concerning the facts in the scenario. The programs assess the participant’s understanding of the topic. If the participant does not show proficiency with the subject matter, the program delivers tutorials about the topics in the module and the participant must try again with another scenario in the same module. The participant must successfully complete one scenario in the module before advancing to the next module. The programs provide immediate feedback as participants work through the scenario questions.
As of January 4, 2010, the S101 Program and the S106 Series 6 Program will be comprised of four modules. Please review the appropriate content outline (s) below for the appropriate program structure.
As of January 4, 2010, use the following resources to prepare:
- S101 and S106 Content Outlines – Provides information regarding each program’s structure (e.g., presentation, assessment, timing) and content including, common topics that may be covered in the modules.
- Animated Orientation for S101 and 106 Programs – Reviews the interactive and navigation functions of the redesigned programs.
- Sample Case for S101 and S106 Program – An abbreviated sample case that demonstrates the new format and types of activities of the redesigned S101 and S106 programs.
S201 Regulatory Element Program
This program does not have a formal content outline. The S201 Program is specifically designed to enhance a supervisor's problem-detection and resolution skills. The program incorporates multimedia features that enable participants to observe live situations, and view various documents such as account statements, portfolios and industry forms, in order to solve the problems presented in the exercise. Participants review cases in categories as suitability, supervision, ethics, anti-money laundering, insider-trading, product knowledge, and interviewing and hiring.
Various Products
The FINRA online learning programs address a range of training topics for compliance personnel, registered representatives, administrative and operations staff, and those with supervisory responsibilities. The programs are available as e-learning courses, webinars, webcasts and podcasts. Some of programs offer completion tracking and deliver virtual compliance training that may be suitable for firm element continuing education or Regulatory Element preparation.
* Please note: The content structure and display format of the current Regulatory Element Program (revised as of January 4, 2010) is different than the legacy program content provided in the E-Learning Library; however, the topics and concepts contained in the library of scenarios are still relevant and useful educational material.
Options
The Options Institute at CBOE.com offers free tutorials that explain the basics of options including terminology and strategies. The tutorials are self-paced and include short, multiple-choice quizzes. The terminology is accessible through the Options Dictionary, which is available while taking the tutorial.
Education Savings Plans
Educational plans, such as 529 College Saving Plans, are designed to help investors save for the cost of college and other postsecondary school education. When established by states, 529 Plans are considered municipal securities and so must comply with MSRB rules. The links provide information about the basic features of college savings plans provided by various regulators.
