NSCP Member Bulletin

Notice of Survey – Responses due by 3/31/2018

NASAA Survey Regarding Continuing Education for Investment Adviser Representatives

Investment adviser representatives play an important role in the financial lives of millions of Americans, yet unlike most financial services professionals they are not independently required to meet a continuing education requirement to maintain their licenses to work with investors.

State securities regulators are considering closing this investor protection gap by consulting with industry to develop a responsive and relevant continuing education program to help investment adviser representatives more safely and competently serve their clients.

NASAA and its members are in the early phases of this initiative and are conducting a nationwide stakeholder survey to determine the next phase of this important project, which could ultimately result in the adoption of a NASAA Model Rule regarding continuing education for investment adviser representatives (IAR-CE).

This type of regulatory initiative benefits greatly from extensive internal and external input. Your responses would inform any decision to move forward. Should a decision be made to move forward, the input gathered from internal and external stakeholders would help shape the method, format and content for the continuing education requirement.