Continuing Education Plan - Need Analysis (CE Plan)
FINRA Rule 1120(b)(2) requires each broker-dealer Firm to, at least annually, evaluate
and prioritize its training needs and develop a written training plan. The
Plan should incorporate all the necessary elements to evaluate the training needs
for the broker-dealer firm including, but not limited to, the business conducted,
the organizational structure, current economic outlook, past disciplinary issues,
and current rules and regulations.
Capital Markets Compliance® (“CMC”) can put a plan for any size organization. Our
process begins with a comprehensive needs analysis of your organization. We employ
a combination of methods including interviews, reviews of internal documents,
questionnaires, and surveys. This data enables us to profile your organization's
lines of business, covered personnel, business initiatives, and ongoing educational
initiatives. The needs analysis concludes with recommendations for content, delivery
methods, scheduling, administration, and evaluation of your program.
The cost of the Plan will vary whether you request the assistance from CMC to monitor
and help implement the Firm Element requirement. CMC establishes a training plan
comprised of computer-based modules. Also, CMC will provide a tracking and confirmation
system that will reduce the time that you will need to spend monitoring each
person’s training.
CMC’s monitoring process includes sending reminders as well as reports that show
you each individual’s status in their training.
CMC has found that depending on the size and scope of a firm’s business and number
of covered persons, computer-based training (“CBT”) may be the best option given
it is cost efficient, broad coverage of topics, and can reach geographically dispersed
covered persons easily. The number of training sessions or modules implemented depends
on the firm’s scope of business. For example, one session or module may satisfy
a firm that offers one or two business lines, while another firm that offers an
array of products or services may need to participate in several sessions or modules
each year to maintain an adequate training plan.
In general, large firms with over 20-30 employees may be able to save money by organizing
training classes or seminars, if it is feasible to gather all covered persons at
a singular time and location with relative ease, while smaller firms might find
it more cost-effective to utilize computer modules that can be completed individually
and often in a shorter amount of collective time spent by the firm and covered persons.
The following is a breakdown of the available products/services offered in regards
to the Firm Element of Continuing Education:
CE Complete Plan Package: Includes: comprehensive needs analysis
of your organization, setup of appropriate individuals with two (2) computarize-based
modules via internet which you select from the Computer Trainig Courses menu for
$40/ per module per individual. This package includes tracking/monitoring and reporting
of each individual progress.
After you add this option to your cart, please proceed to the computer training
course Tab and pick two modules with separate topics for every covered individual
in your organization. The Firm Element requirement applies to any person registered
with your firm who has direct contact with customers in the conduct of your firm’s
securities sales, trading and investment banking activities, any person registered
as a research analyst, and to the immediate supervisors of such persons (“covered
person”). If you are not sure which modules to chose, one of our consultants preparing
your plan can help you make a decision.
Price: US $850
Media
Type: Adobe PDF