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IMPORTANT UPDATES
 
Notice Regarding Series 9/10 Requirements
Effective March 7th, FINRA has published a notice regarding a revised Series 9/10 outline. The number of questions, time allocated, and passing score remain unchanged. Most of the content changes to the outline have already been incorporated into our materials.

For students who have the current (40th) Edition of our materials, we will prepare an addendum which will be available either the last week of January or the first week of February. We expect a new version of the Series 9 (41st Edition) to be available in February and a new version of the Series 10 (41st Edition) to be available by the end of end of January.

 
Georgia Suitability in Annuity Training - Effective March 1, 2016
Producers who sell or wish to sell, solicit or negotiate annuities must complete a one-time 4 credit course approved by a department-approved education provider. Producers who hold a life license and desire to sell annuities are required to complete the training program within six months of the effective date of this requirement. Producers who obtain a life license on or after March 1, 2016, may not engage in the sale of annuities until the annuity training course has been completed. Producers may complete the requirement through classroom or self-study methods. The satisfaction of the training requirements of another state that are substantially similar, will satisfy the requirement in Georgia.

Securities Training Corporation (STC) has a course to satisfy this requirement. Please contact Jean Carter at jcarter@stcusa.com. for more information.

 
STC Now Partners with Five Financial Services Firms to Expand Program for Colleges and Universities
STC and Edward Jones have continued to expand our Program for Colleges and Universities to address an industry-wide need: a talent shortage of Financial Advisors. Since the Program’s inception in Spring 2015, we now have approximately 35 schools participating during the Fall 2015/Spring 2016 semesters.

Click here to read a recent Press Release about the progress of this initiative.


 
Series 27 Addendum Now Available
Effective December 14, 2015, FINRA has amended the Series 27 – Financial and Operations Principal Exam. The number of scored multiple-choice questions and time allotted will remain the same, but the passing score has been lowered from 70% to 69%. The most significant change is the elimination of Municipal Securities Rulemaking Board (MSRB) rules, which previously made up nine questions on the exam.

STC’s addendums for these courses are now available. Students who have purchased our Series 27 study material within the past year should contact STC for the addendum. Please visit our course updates page for more information.

 
Series 50 Materials Now Available
Thank you to those who have pre-ordered our Series 50 materials. Your materials have been shipped out, and you can expect them shortly.

Or Click Here To Order

For those who have not yet ordered our Series 50 materials and are interested in obtaining them, please contact Alexandra Samet at asamet@stcusa.com and she will direct you to our ordering site.

Or Click Here To Order

 
Series 57 Replacing Series 55
Effective January 4th 2016, there will be two new registration categories, Securities Traders and Securities Trader Principals.

Securities Traders will no longer have to take a prerequisite (Series 7). The Series 57 can be taken as a stand-alone exam, but will be required if a person executes transactions in equities (including equity options) or preferred or convertible debt securities. Securities Trader Principals will need to pass the Series 57, after taking the Series 24 as a prerequisite.

The exam will have 125 questions plus 10 additional experimental questions. It will take approximately 3 hours and 45 minutes, and the passing score will be 70%. The majority of the outline includes Series 7 and Series 55 content. We expect to have a written study guide and online exams available mid to late December. Based on customer demand, we are planning to offer live and/or virtual Series 57 classes in the first quarter of 2016, as well as On-Demand lectures in the second quarter of 2016.

A person will NOT be able to schedule the Series 57 exam until January 4th. A person WILL be able to schedule the Series 55 until December 29th . Therefore, a person will be able to schedule the Series 55 prior to December 29th and take the exam after January 4th.

 
Do you have supervisory policies, ethical standards and conduct rules or other proprietary content you would like to have hosted in a software training format?
* STC can host your proprietary content within one of our many software training formats.
* Personnel tracking is available along with single log-in from your main system to our STCi database.
* We can assist with all phases of content development including question writing and editing.

For further information, contact Michael Fayne at MFayne@stcusa.com.

 
Wisconsin CE Update
The Wisconsin Office of the Commissioner of Insurance (OCI) is transitioning to State Based Systems (SBS), a National Association of Insurance Commissioners business partner. As of December 14, 2015, SBS will be maintaining Wisconsin’s CE database with which you will interface.

Our objective during this transition is to have minimal disruption to our licensees and course providers. To assist in this transition, we are asking that you adhere to the following:

Provider functions will be unavailable from November 23, 2015 at 11:59 p.m. until December 14, 2015

 
Illinois Department of Insurance Renewal Notices
Effective November 5, 2015, the Illinois Department of Insurance Licensing Division will no longer mail paper renewal notices or licenses. License renewals will be emailed to the licensee’s email address of record. Once a new or renewed license is issued, licensees will be able to print their license by going to www.statebasedsystems.com.

 
New CE Annuity Requirement - Regulation 187
Regulation 187 (Part 224 of Title 11 of the Official Compilation of the State of New York) requires insurers to set forth standards and procedures for recommendations to consumers for the purchase or replacement of an annuity contract made on or after June 30, 2011.

Section 224.4 (g) & (h) states that the insurance company is responsible for ensuring that every producer recommending its annuity products is adequately trained to make a recommendation. However, the regulation does not require the completion of specific training classes. It is the responsibility of the producer to know the annuity training requirements of the insurance company for whom he or she works.

For more information, click here or contact jcarter@stcusa.com.

 
Notice Regarding Massachusetts Continuing Education Requirements
The MA Division of Insurance recently sent a letter to all producers stating that the new Continuing Education (C.E.) Ethics requirement can only be satisfied by “attending a classroom program.”

However, this statement is incorrect as Insurance producers can satisfy this Ethics requirement by completing an online program of instruction or attending a seminar on ethics (equivalent to 3 classroom hours of instruction).

For more information, please contact Continuing Education Coordinator, Jean Carter, at (800) 782-2678 ext. 204 or jcarter@stcusa.com.

 
STC and Wells Fargo Offer Program for Colleges and Universities at Bennett College
STC and Wells Fargo are now offering our Program for Colleges and Universities at Bennett College. Click here to learn more about this exciting initiative.


 
Series 4 Addendum Now Available
Effective September 28 2015, FINRA has amended the Series 4 – Registered Options Principal Qualification Exam. The number of questions will remain the same, but the passing score has been increased from 70% to 72%, and the time allotted to complete the examination has increased to three hours and 15 minutes.

STC’s addendums for these courses are now available. Students who have purchased our Series 4 study material within the past year should contact STC for the addendum. Please visit our course updates page for more information.

 
New Tennessee Annuity Requirement
Effective November 1, 2015, the Tennessee Commissioner of Commerce and Insurance adopted revisions to Suitability in Annuity Transactions. Chapter 0780-01-86 discusses requirements for any person seeking to recommend, sell, exchange, or replace annuities in the State of Tennessee. These rules also require insurance producers to complete training prior to selling annuities. In addition, these rules require insurers, general agents, independent agencies, and insurance producers to keep records of annuity recommendations and transactions. Please click here to view this Chapter in its entirety.

Securities Training Corporation has a course to satisfy this requirement. For more information, please contact Continuing Education Coordinator, Jean Carter, at (800) 782-2678 ext. 204 or jcarter@stcusa.com.

 
MSRB Proposed Rule Change For the Series 51, 52, and 53 Exam
The MSRB filed a proposed rule change with the SEC to revise the content outlines for the Series 51, 52, and 53 Exam. The revisions to the content outlines are effective immediately and will be implemented on August 31, 2015. Please visit our course updates for more information.

The number of questions, time, and passing grade remain the same. With the exception of a small change in the Series 53, the number of questions in each section remains unchanged.

STC’s addendums for these courses are now available. Students who have purchased our Series 51, 52 or 53 study material within the past year should contact STC for the addendum.

 


STC is pleased to announce our solution for Life, Accident and Health, that includes an Online Study Manual. In addition, we have a new discounted pricing model for both our Standard and Premier programs. For state-specific information, please visit the following link and select your state accordingly.

http://www.stcusa.com/Content/Insurance/InsurancePrelicensing.aspx

 
Maine Annuity Requirement
Maine has amended its requirements for Suitability in Annuity Transactions. This will become effective as of November 1, 2015. Securities Training Corporation has a course to satisfy this requirement.

 
Proposal to Require Registration of Associated Persons Involved in the Design, Development or Significant Modification of Algorithmic Trading Strategies

FINRA has witnessed situations in which failure to check for order accuracy, inappropriate levels of messaging traffic, failure to mark orders “short,” or perform proper short sale “locates,” have resulted in algorithms that do not comply with applicable securities rules. To avoid future problematic conduct, FINRA has created a new proposal to improve education about securities regulations for all individuals involved in the algorithm development process. [more]


 
Proposal for Securities Industry Essentials Exam

FINRA is proposing restructuring its qualification examination process. The goal is to create one basic exam in which the content would be largely stable. The title would be the Securities Industry Essentials Exam (SIE), and would be a prerequisite for anyone looking to become registered with a FINRA member firm. [more]


 
Series 50 - New Municipal Advisor Exam

The Securities and Exchange Commission (SEC) has approved an MSRB proposal, which requires both representative and principal municipal advisors to pass a basic competency examination. The exam will cover the responsibilities, rules and regulations for municipal advisors. [more]


 
123 William Street - New Downtown New York City Class Location!

After 45 years at its Battery Place location, STC has moved! All downtown New York City classes will be conducted at our new location at 123 William Street. Classes will be conducted on the 6th floor of this building. Our Corporate Headquarters will reside on the 7th floor. Click here for directions to 123 William Street, or here for a map of the office and surrounding area.



 
Massachusetts change in Continuing Education / License renewal process effective immediately!!
Securities Training Corporation has courses to fulfill your requirement. For more information click here or please contact Jean Carter, Continuing Education Coordinator at (800) 782-2678 ext. 204 or jcarter@stcusa.com.

 
On-Demand Lectures: Designed for anytime, anywhere use!
We know your schedule doesn't always match ours. It doesn't need to. Our On- Demand lectures offer you an option that traditional classes do not-the ability to rewind and review topics you may have found difficult the first time through and then to proceed confidently at your own pace. Check out our latest demonstration of our on demand lectures by clicking below.

http://www.stcusa.com/Content/promos/promoOnDemand.aspx

 
Important notice about Heartbleed Vulnerability
Click here to read a memo from the CEO about the security of stcusa.com and STC Interactive. .

 
Update for Tax,Retirement Plan, and Regulatory NOW available
Please visit Course Updates to view.



NEW Firm Element/Annual Compliance Meeting/Securities Training Corporation
STC has expanded the offerings in our Firm Element Catalog. Each title focuses on a crucial topic in the industry and is designed to provide targeted training within your Continuing Education Program. For additional information and/or demonstration, please contact Mike Fayne (800) 782-1223.



Other News


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