As you may be aware, certain states have adopted an annual Investment Adviser Representative (“IAR”) Continuing Education (“CE”) requirement. The states that have adopted an IAR CE requirement can be reviewed here, but have also been copied below for ease of reference.
- Arkansas (effective in 2023)
- California (effective in 2024)
- Colorado (effective in 2024)
- Florida (effective in 2024)
- Hawaii (effective in 2024)
- Kentucky (effective in 2023)
- Maryland (effective in 2022)
- Michigan (effective in 2023)
- Mississippi (effective in 2022)
- Nebraska (effective 1/1/2025)
- Nevada (effective in 2024)
- New Jersey (effective in 2025)
- North Dakota (effective in 2024)
- Oklahoma (effective in 2023)
- Oregon (effective in 2023)
- Rhode Island (effective in 2025)
- South Carolina (effective in 2023)
- Tennessee (effective in 2024)
- Vermont (effective in 2022)
- Washington, D.C. (effective in 2023)
- Wisconsin (effective in 2023)
- U.S. Virgin Islands (effective in 2025)
Such IAR CE requirements apply equally to both registered IARs of state-registered investment advisers and SEC-registered investment advisers, and is based on the where the individual IAR is registered (not necessarily where the investment adviser firm is registered or notice filed). Thus, if you are an IAR that is individually registered in one of the states listed above that had an IAR CE requirement in effect for 2024 or earlier, you are required to attain 12 IAR CE credits before December 26th – the date that the IAR CE reporting system shuts down for the year. The 12 IAR CE credits must include 6 credits of Products and Practices and 6 credits of Ethics and Professional Responsibility.
The 2024 IAR CE deadline of December 26th is quickly approaching. All IAR CE courses must be completed and reported by the IAR CE course provider to FINRA by December 26th in order for credits to be applied before January 2nd. When the CRD system shuts down on December 26th, IAR CE statuses will be set based on credits reported in the system at that time.
To self-monitor your IAR CE, review your IAR CE transcript, or view your IAR CE requirement status, login to your FinPro account. Don’t have a FinPro account yet? Create one here.
For further resources, please refer to the NASAA IAR CE Resource Page, FAQs, Program Information, and the list of Approved IAR CE Providers.