On January 24th, Wisconsin became the latest state to adopt NASAA’s new continuing education requirements for Investment Adviser Representatives.
Starting in 2022, every investment adviser representative (IAR) registered in a jurisdiction that has adopted the NASAA model rule will be subject to the CE requirement. The requirement applies to all registered IARs of both state-registered and federal-covered investment advisers.
Affected IARs will have to complete 12 credits of CE coursework each year. Six credits must be about product knowledge and industry practices, called Products and Practices CE. The other six credits must be about ethical and regulatory obligations, called Ethics and Professional Responsibility CE, and at least three of these must specifically be about ethics.
For Wisconsin and other states that adopt the CE requirement this year, the requirement will go into effect on January 1, 2023. For states that adopted the CE requirement last year (Maryland, Mississippi, and Vermont), it is currently in effect.
Solomon Exam Prep’s NASAA-approved IAR CE courses will be available soon. To stay informed, visit the Solomon website and join our Continuing Education email list.
Disclaimer: NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are our own and do not necessarily reflect the views of NASAA or any of its member jurisdictions.