FINRA’s Maintaining Qualifications Program (MQP) is currently open for eligible individuals during a second enrollment period, until December 31, 2023.
The second enrollment period is available to those who terminated their registration between March 15, 2020, and March 14, 2022.
“MQP gives industry professionals a flexible path back to the industry,” said Joe McDonald, Senior Director of Credentialing, Registration, Education and Disclosure (CRED), Qualifications and Exams, FINRA. “The second enrollment period extends that opportunity to individuals to enroll and keep their FINRA registrations current through continuing education (CE) after having taken time away from the industry to balance life’s other demands.”
FINRA established the MQP in 2022 to provide individuals with terminated FINRA registrations with the option of maintaining their qualifications for up to five years by completing annual CE requirements. Since the launch of the program, nearly 20,000 participants have enrolled, including more than 3,300 in the second enrollment period. Of that total, more than 900 individuals have returned to the industry.
Eligible individuals can enroll in the MQP and monitor their CE requirements through their Financial Professional Gateway (FinPro) account. When an individual returns to a member firm, there is no need to retake qualification exams to become registered.
More information on the MQP and the second enrollment period can be found here.
About FINRA
FINRA is a not-for-profit organization dedicated to investor protection and market integrity. It regulates one critical part of the securities industry—brokerage firms doing business with the public in the U.S. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org.
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