SIFMA Supports Proposal to Provide Web-Based Delivery of Regulatory Element for Continuing Education Requirement

SIFMA submitted comments on FINRA's "Proposal to Provide Web-Based Delivery of Regulatory Element of Continuing Education Requirement." Although SIFMA expressed its "strong support" for the proposal, it also recommended that FINRA: (i) encourage global usage by addressing how it will verify the identities of users who do not have social security numbers, (ii) provide "clarification on how it will handle reasonably foreseeable technology and operational issues that may arise with the implementation and use of the Web-based CE program," and (iii) specify "the level of information that will be available to firms regarding an individual's initiation of, and progress on, a particular CE session."

SIFMA commended FINRA for "undertaking a review of FINRA's continuing education program and for its outreach to the industry." SIFMA also encouraged FINRA to undertake similar reviews moving forward.

See: SIFMA Comment Letter.