Have to take CE-101 course. What is that?

10 replies [Last post]
YankeeNole's picture
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Joined: 2010-03-03

I got hit with a minor infraction with the State of FL and so they mandated I take NASD CE-101 course. At first it was supposed to be within 90 days of activation of my registration, but now my registration is on hold until I take this course which I am scheduled to do Monday.I see it is a 3 1/2 course, but have no idea what it is actually on, or if it is something I am supposed to be studying for. Tried looking it up online without much avail. I have been a rep for 6 years.Thanks! 

compliancejerk's picture
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Joined: 2004-12-03

I think you are referring to the following items.http://www.finra.org/Industry/Compliance/ContinuingEducation/P120266  http://www.finra.org/web/groups/industry/@ip/@comp/@ced/documents/industry/p120307.pdf     how come you haven't been told anything from your Compliance department.Hope it helps

YankeeNole's picture
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Joined: 2010-03-03

just got hired 3 weeks ago and they just told me they heard back from the state and I needed to take the CE class now. Just looked at the PDF...shit, I might as well be taking the Series 7 again without any studying. FANTASTIC...shoot me now. Thanks

compliancejerk's picture
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Joined: 2004-12-03

it was the fault of your previous employer for to have taken the CE course...and of course yourself to be knowledgeable of your responsibilities.  Check with your compliance department but if I recall correctly you can't fail the exam. Take it easy, if the weather ic nice where you are have a drink or 5 outside and get to sleep early.

YankeeNole's picture
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Joined: 2010-03-03

FINRAs site says if you fail you can retake it another day. It just looks like I am taking the Series 7 Exam all over again which sucks since some of those things I haven't used in my career...like margin, reg T, etc...should be interesting.

Amp2Indy2006's picture
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Joined: 2008-08-13

Its not a pass / fail test.  And if you have sold or bought a security then you use reg T lol.

YankeeNole's picture
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Joined: 2010-03-03

I know. Just saying...but it is pass / fail per FINRA's site. If you fail one of the 4 modules you don't pass and have to come again another day it says.

compliancejerk's picture
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Joined: 2004-12-03

Yankee,If you fail one of the modules ....... perhaps this isn't the profession for you.

compliancejerk's picture
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Joined: 2004-12-03

Yankee,So how did you do?

YankeeNole's picture
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Joined: 2010-03-03

passed. It was such a breeze. It sounded tougher from the FINRA site, but it was about as easy as one could make it. Thanks again!

Divenadvise's picture
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Joined: 2015-07-02

I'm really glad to hear that, YankeeNole. I was told yesterday that I needed to do the CE (inactive for over 1 year), and sitting for the exam in less than 2 hours. I've been sweating over it since, didn't sleep very well. When someone explained to me yesterday, that it was a "situational" exam, and all I had to do was pick the most appropriate decision/action, I felt better. Glad that you posted your outcome. Even if it was 5 years earlier.

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