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Overview:

In December 2020, the Financial Industry Regulatory Authority (FINRA) Board of Governors approved filing to the Securities and Exchange Commission (SEC) its proposed changes to the continuing education (CE) program under FINRA Rules 1210 and 1240. The changes, which aim to provide FINRA-registered practitioners a timely regulatory developments training, will require them to complete their CE program yearly.

The regulatory landscape remains uncertain as the proposed amendments still need approval from the SEC. FINRA-registered practitioners must, therefore, keep themselves abreast of any emerging development in the area and must review their CE requirements to ensure that they comply with FINRA Rules.

In this CLE program, FINRA attorneys Tracey Salmon-Smith (Faegre Drinker Biddle & Reath LLP) and Peter J. Tepley (RumbergerKirk) will provide the audience with an in-depth analysis of the proposed changes to FINRA Rules 1210 and 1240. Speakers will also share red flags as well as practical ways to ensure compliance with their CE requirements.

 

This LIVE Webcast will discuss the following:

    • FINRA Rules 1210 and 1240: Key Takeaways
    • Proposed CE Amendments: Implications
    • Continuing Education Requirements
    • Tips for Maintaining FINRA Registration
    • Best Compliance Practices

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

On-Demand Webcast (CLE)

 

Prerequisite:

General knowledge of financial regulations

 

Course Code:

149454

 

NY Category of CLE Credit:

Areas of Professional Practice

 

Total Credits:

1.0 CLE


How to Claim CLE Credits Per State:

https://knowledgewebcasts.com/how-to-claim-cle-credits-per-state/


CLE State Requirements:

https://knowledgewebcasts.com/cle-state-requirements/

Speaker Panel:

Peter J. Tepley, Partner
RumbergerKirk

Peter J. Tepley is a partner in the Birmingham office of RumbergerKirk. Tepley frequently represents securities broker dealers, including clearing brokers, and their registered representatives in customer, employment, and industry disputes in FINRA arbitrations as well as state and federal courts. He also represents public and private companies and their officers and directors in a variety of complex business disputes, including business torts and breach of contract cases. He defends businesses and individual officers and directors in class actions, including securities class actions.

Tracey Salmon-Smith, Partner
Faegre Drinker Biddle & Reath LLP

Tracey Salmon-Smith is a partner at Faegre Drinker Biddle & Reath LLP in the Business Litigation Department. She is a member of the Financial Services and Best Interest Compliance teams. Tracey represents broker-dealers before FINRA in arbitrations and mediations related to allegations of sales practice violations and failure to supervise claims. She also handles regulatory inquires, as well as discrimination, whistleblower claims, work-place harassment, wrongful discharge, U5 defamation matters, and expungement proceedings. Previously, Tracey served as in-house counsel at UBS Financial Services Inc. in the litigation group and served seven years as an Assistant United States Attorney for the Eastern District of New York (EDNY). She graduated from Villanova University School of Law. She received her undergraduate degree in English from Dartmouth College.

Agenda:

SEGMENT 1:

Tracey Salmon-SmithPartner

Faegre Drinker Biddle & Reath LLP

  • What are the current requirements in FINRA Rule 1240 concerning the Regulatory Element of Continuing Education Requirements?
  • What are the current requirements in FINRA Rule 1240 concerning Supervisors/Principal?
  • What changes are being considered to the Regulatory Element of Continuing Education?
  • What is FinPro?
  • What is the Continuing Education Regulatory Element Report?

SEGMENT 2:

Peter J. Tepley, Partner

RumbergerKirk

  • What are the current requirements in FINRA Rule 1240 concerning the Firm Element of Continuing Education Requirements?
  • What changes are being considered to the Firm Element of Continuing Education?
  • How has FINRA treated registered persons who direct or allow another person to complete his or her Firm Element Continuing Education Requirements?
  • What changes are being considered for allowing registered persons who terminate their registration to use Continuing Education to extend the period in which they may reregister without having to retake the required examinations?

SEGMENT 3:

Tracey Salmon-SmithPartner

Faegre Drinker Biddle & Reath LLP

AND

Peter J. Tepley, Partner

RumbergerKirk

Best Compliance Practices

  • Stay up to date on current rules and changes – join industry associations, subscribe to newsletters, etc.
  • Attend conference and seminars during the year
  • Follow regulatory agencies on social media
  • Firms should utilize the resources provided by the CE Council when developing their Firm Element Continuing Education programs
  • Firms should properly document their Firm Element Continuing Education programs
  • Registered persons should be aware of their requirements under their firm’s Firm Element Continuing Education program and participate in that program.

Date & Time:

Thursday, May 13, 2021

3:00 pm to 4:00 pm (ET)

Materials:

Download Course Materials

Who Should Attend:

  • Financial Crime Lawyers & Consultants
  • Banking & Finance Lawyers
  • In-House Counsel
  • Securities Lawyers
  • Corporate Governance Lawyers
  • Legal and Compliance Executives
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SPEAKERS

Peter J. TepleyPartner
RumbergerKirk
Tracey Salmon-SmithPartner
Faegre Drinker Biddle & Reath LLP

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