WebCRD Stops Hard Copy CE Notices


Firms must check the site themselves – Notice to Members 00-35

By Mark J. Astarita, Esq.

NASD Notice to Members 00-35

NASD Regulation Reminds Firms Of CRD Continuing Education Notification Method And Informs Firms To Review Written Supervisory Procedures

NASD firms are reminded that the Web CRD no longer sends hard-copy Continuing Education Advisory Messages, or “yellow sheets,” to advise firms of their registered representatives’ Regulatory Element requirements.

Instead, firms must access and view the continuing education information in their Firm Queues on Web CRD.

Web CRD also makes available supplemental CE reports to assist firms in identifying and tracking their registered representatives.

As a result of these changes, firms should review their written supervisory procedures as they relate to the manner in which firm staff identifies, notifies, and tracks their registered representatives who are required to satisfy the Regulatory Element and to revise the procedures if necessary.

The Notice To Members is available at http://www.nasdr.com/pdf-text/0035ntm.txt


Securities Attorney at Sallah Astarita & Cox | 212-509-6544 | mja@sallahlaw.com | Website | + posts

Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.

He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page - SECLaw.com, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.