Market regulation · 06/05/1996

Ethics Training for Registrants

On December 14, 1995, the Commodity Futures Trading Commission (Commission or CFTC) published for comment proposed amendments to Sec. 3.34, which governs ethics training for Commission registrants. These amendments require ethics training providers, who have not already been authorized by the Commission to provide ethics training, to pass the Series 3 Examination, the standard industry proficiency test, and possess three years of relevant experience. The rule is now also applicable to state- accredited entities, which in the past were exempt from certain requirements.