SIE Exam Question 383: Answer and Explanation

Question: 383

In order for a registered representative to maintain their securities license on an ongoing basis, which of the following properly states the CE requirements?

• A. passing a regulatory element CE exam within 2 years of their anniversary date.
• B. passing a firm element CE exam every 3 years after their anniversary date.
• C. passing a regulatory element CE exam within 3 years of their anniversary date.
• D. passing a firm element CE exam within 1 year of their anniversary date.

Correct Answer: A

Explanation:

A: Once a person passes their RR exam, within 2 years from that anniversary date, a FINRA required continuing education test must be taken and passed. Then the CE tests are every three years thereafter.