Continuing Education Rosters Now Available To Member Firms

NASD^® member firms may now order rosters of their registered persons who are subject to the Regulatory Element of the new Securities Industry Continuing Education rules, which were effective July 1, 1995. (See Special Notice to Members 95-13, March 8, 1995).

Firm rosters will be prepared from a database periodically extracted from the Central Registration Depository (CRD). The rosters will show those whom the CRD recognizes as being covered by the Regulatory Element of Continuing Education Program because their Continuing Education base date is on or after July 1, 1985. The Continuing Education base date is the more recent of a person's initial registration date or the date on which a significant disciplinary action (as defined by the rules) was posted to the CRD. The CRD measures an individual's second, fifth, and tenth anniversaries from the Continuing Education base date.

A roster will be available as a printed report or a data file in ASCII text format (see attachment). Rosters will have each employee's name, CRD number, Continuing Education base date, and employment status. Member firms can use the information from the roster to forecast how many of their employees must complete a Regulatory Element computer-based training session at an NASD PROCTOR^® Certification Testing Center. The roster information also will help firms budget Regulatory Element training expenses and learn what the CRD is showing as the Continuing Education base date for each employee.

Firms may order Continuing Education rosters from their Quality & Service Teams. Rosters will cost $200. Rosters on a floppy disk in ASCII text format are $300. Firms will be charged by way of a debit to their CRD account. Rosters will be prepared and charged by BD number, with no discounts for affiliated groups of firms.

To order a Continuing Education roster from the latest CRD extract, please call your NASD Quality & Service Team at:

Quality & Service Team 1 (301)921–9499

Quality & Service Team 2 (301)921–9444

Quality & Service Team 3 (301)921–9445

Quality & Service Team 4 (301)921–6664

Quality & Service Team 5 (301)921–6665.

Questions about this Notice may be directed to your Quality & Service Team, or John Linnehan, Director of Continuing Education, at (301) 208–2932.

Continuing Education Roster of Persons Registered on or after July 1, 1985

Broker/Dealer: 1960

Report Dated: 11/1/95