Tag Archives: Continuing Education
 

Maryland Adopts IAR Continuing Education Rule

December 27, 2021

On December 7, 2021, the Maryland Securities Division announced its new investment adviser representative continuing education requirement, joining Mississippi and Vermont to now require investment adviser representatives to complete investment adviser representative continuing education (“IAR CE”). Closely tracking the NASAA’s Model IAR CE Rule and effective for the 2022 calendar year, investment adviser representatives who are registered in Maryland must now complete twelve credit hours of IAR CE on an annual basis. Of those twelve credit hours, six must be completed in “Products and Practices” and six in “Ethics and Professional Responsibilities,” with at least three focusing specifically on ethics.

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Vermont Adopts IAR Continuing Education Rule

December 10, 2021

On December 9, 2021, the Securities Division of the Vermont Department of Financial Regulation announced it had adopted an investment adviser representative continuing education requirement, making it the second state to now require investment adviser representatives to complete investment adviser representative continuing education (“IAR CE”). Closely tracking the NASAA’s Model IAR CE Rule and effective for the 2022 calendar year, investment adviser representatives who are registered in Vermont must now complete 12 credit hours of IAR CE each year.

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Washington Passes Legislation to Prevent the Financial Exploitation of a Vulnerable Adult

September 20, 2010

On June 10, 2010, the State of Washington passed new legislation designed to prevent the financial exploitation of vulnerable adults.  The new legislation provides financial institutions the power to refuse to conduct a transaction if the institution suspects abuse and also requires employees of investment advisers and broker dealers to undergo abuse identification training.   Section 20(16) of Chapter 74.34 of the Revised Code of Washington defines “vulnerable adult” as “a person:

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