STC's Curriculum Department monitors any changes to regulatory rules and regulations, and works alongside our 30 seasoned full-time instructors to integrate changes into our our exam preparation programs.
Below are recent changes to regulatory rules and regulations, as well as any adjustments made to our exam prep content.
Series 52 Restructuring
The MSRB has added the Series 52 to the list of exam that will be restructured. Effective October 1, 2018, they will follow FINRA's lead and make the SIE a prequesite for the Series 52 top-off exam.
A proposed rule change will be filed in early 2018, but the number of questions is yet to be announced. Our SIE content with reflect the new Series 52 development.
A Shift to One Exam Delivery Vendor
T + 2 Settlement Update
Effective on September 5, 2017, the Securities and Exchange Commission (SEC) amended the Securities Exchange Act of 1934 to shorten the standard settlement cycle for most broker-dealer transactions from three business days after the trade date (T+3) to two business days after the trade date (T+2). The changing of the settlement rule (SEC Rule 15c6-1) to T+2 effects both SEC and SRO rules (including FINRA and the MSRB) and will impact a number of different settlement-related provisions.
Revised Rule 147 and Regulation D
On April 20, 2017 changes to Rule 147 and the implementation of Rule 147A (the new safe harbor for intrastate offerings) go into effect.
FINRA Rule 3210 Updates
There are new updates regarding requirements for Broker-Dealers and Financial Institutions.