YOU WILL NEED TO COMPLETE THE REGULATORY ELEMENT OF by iva20935

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									Continuing Education Resouce Center

     YOU WILL NEED TO COMPLETE THE REGULATORY ELEMENT OF CONTINUING
         EDUCATION BY [End Date] TO KEEP YOUR REGISTRATION(S) ACTIVE.

NYSE/NASD rules require that you complete a Series [Session - S101, S106, S201] Regulatory Element Continuing
Education training session by [End Date]. Please note the Regulatory Element session is separate and distinct from
the Firm Element continuing education requirements. The Regulatory Element requires all registered persons to
participate in a prescribed computer-based training session within 120 days of specified registration anniversary
dates. Your 120-day window opens on [Date] and closes on [End Date].

You must contact [Testing / Regulatory CE Department] to schedule a Series [Session - S101, S106, S201] training
session. Individuals are permitted three and one-half hours to complete the session; most complete it in less time.
There are eight topics included in the training for S101 and S106. The topics are:

1) Registration and Reporting Issues
2) Communications with the Public
3) Suitability
4) Handling Customer Accounts
5) Business Conduct
6) Customer Accounts, Trade and Settlement Practices
7) New and Secondary Offerings. (For S106 the module is titled Application of Product Knowledge to Sales
    Practices)
8) Ethics

Please note that there is no outline for the S201 program. The S201 program includes topics such as supervision,
suitability, insider trading, money laundering along with interviewing and hiring.

For more information on the content of the Regulatory Element please click on the link below:
http://www.securitiescep.com/cgi-bin/HomePage.cgi/TOC/Hot_Topics

Although this session is not graded with a score and we cannot see individual results, the system at the learning
center does compile an aggregate performance report each quarter of those who have participated in the Regulatory
Element. This report is sent to [Firm Name] quarterly by the NYSE and NASD. The report compares [Firm Name]
results to other Firms in the industry to give us an overview of where we may need to focus our training in the
future.

PLEASE TAKE THIS SESSION SERIOUSLY AND BE SURE TO ANSWER QUESTIONS TO THE BEST OF
YOUR ABILITY SO THAT WE CAN CONTINUE TO SCORE ABOVE THE INDUSTRY AVERAGES.

Please schedule your session for a date at least 1 month prior to [End Date] to allow time to reschedule if necessary.
Be certain to bring two forms of identification with you when reporting to the center. If you fail to complete the
required session by [End Date], your registration(s) will be suspended by the NASD. In addition, NYSE/NASD
rules require that the Firm prevent you from acting in any capacity for which U.S. Registration is required. As a
result, you will be prevented from reporting to work and removed from payroll on that date.

Please telephone [Testing / Regulatory CE Department] to schedule your learning session as soon as possible.

Failure to complete the Regulatory Element Continuing Education requirement on your scheduled date and time will
result in YOU paying the [AMOUNT] testing center fee.




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