Solomon Approved By NASAA for CE
In 2022, investment adviser representatives will be subject to a requirement that broker-dealer representatives have long been familiar with: Continuing Education, or CE. These are courses designed to keep a financial professional up-to-date on industry developments, current regulations, and ethical standards. Starting in 2022, every investment adviser representative (IAR) registered in a jurisdiction that adopts the NASAA model rule will be subject to its CE requirements. The mandatory CE program will apply to all registered IARs of both state-registered and federal covered investment advisers. IARs will be required to meet the CE requirements of any state in which the IAR is registered. These requirements mandate:
- 12 credits of CE coursework per year. One credit is at least 50 minutes of instruction.
- Courses may be in person or online.
- 6 of the 12 credits must be about product knowledge and industry practices. NASAA calls this Products and Practices Continuing Education.
- The other 6 credits must be about ethical and regulatory obligations. At least 3 of these must be specifically about ethics. NASAA calls this Ethics and Professional Responsibility Continuing Education.
IARs who are dually registered as broker-dealer agents are exempt from the Products and Practices CE, if they complete their FINRA CE requirements.
As an NASAA approved Continuing Education provider, Solomon will be introducing its CE courses soon.
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NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are my/our own and do not necessarily reflect the views of NASAA or any of its member jurisdictions.