Compliance Reminder: Continuous Education (CE) requirements
As the last year came to a close, I had many of you call me to find out if there are any CE requirements as an IAR of CJ. As of today, there are no CE requirements for an Investment Advisor Representatives (IAR) of a Registered Investment Advisor (RIA) also known as the Firm. The opposite is true if you are an investment adviser representative that is also a registered representative of a broker/dealer firm. By rule and policy, Caitlin John does not allow anyone to be dually registered with CJ and a broker/dealer.
Here is the BUT………. If you have any professional designations, such as the certified financial planner, the chartered financial analyst, and/or any other financial related credentials, you may be required to take annual CE requirements to maintain your designation. The Firm does not track this activity as it is not a requirement to be an IAR of CJ. If you have any professional designation, please confirm if CE requirements are necessary. It is your responsibility to understand what requirements are necessary to keep your designation.
As a side note, there has been a push to implement CE requirements at a state level along with input from the SEC. A rule proposal has been submitted by the North American Securities Administrators Association (NASAA) to establish a continuing education program for IARs. Under the rule, IARs would have to complete 12 hours of CE annually. Half the hours would focus on products and practice and the other half on ethics and professional responsibility. You may start to hear some rumblings about this in the coming months. I will keep everyone informed of any changes that do come up in the future.
If you have any questions regarding this reminder, please contact Jerry Moore.
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