Can the annual compliance meeting required under Rule 3010(a)(7) of the FINRA Conduct Rules satisfy the firms Firm Element training?
A. While firms very often leverage the opportunity presented by the annual compliance meeting to deliver training, Firm Element training should not be limited to compliance topics if there are identifiable training needs related to products and services offered by the firm. In most instances, it would probably be necessary for firms to significantly expand the material covered at the annual compliance meeting.
Related Questions
- Does the meeting of the safety committee solely for annual training count as a monthly meeting, or does the committee still need to conduct a standard, monthly meeting in addition to the training?
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