Earlier this week, RIA in a Box announced the release of a new investment adviser representative (IAR) Continuing Education (CE) Program. The new program supports the North American Securities Administrators Association (NASAA) model rule for continuing education requirements, adopted on Nov. 24, 2020.
The CE program is designed for IARs to advance their fiduciary knowledge and fulfill their CE requirements through the MyRIACompliance® platform.
Every IAR under section 404 of the Uniform Securities Act (2002) must complete IAR continuing education requirements, including:
- Six credits annually in ethics and professional responsibility, with at least three of the six hours covering ethics.
- Six credits annually in products and practices.
- Courses must be completed within the calendar year to remain registered and compliant in the IAR's state.
The rule, which is adopted state-by-state, has been implemented in nine states as of June 2022, including Arkansas, Kentucky, Maryland, Michigan, Mississippi, Nevada, Vermont, Washington D.C. and Wisconsin.
RIA in a Box is an approved course provider now offering on-demand courses developed by former regulators, compliance professionals and cybersecurity experts. We are excited to provide an extensive and diverse course selection to help advisers meet the CE requirements.
Supervisor users can monitor each individual's completion progress within the MyRIACompliance platform. RIA in a Box will report each IAR’s results directly to the Financial Industry Regulatory Authority (FINRA).
Do you want to learn how your advisers can complete their continuing education requirements with our continuing education program? Contact us today!