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

Quantity: Please check box.


CE Plan Package only: Includes: comprehensive needs analysis of your organization, Firm Element training will be coordinated, implemented and tracked by your firm.

Price: US $550                    Media Type: Adobe PDF

Quantity: Please check box.


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