Wis. Admin. Code Department of Financial Institutions DFI-Sec 11.03

Current through September 30, 2024

Section DFI-Sec 11.03 - Agent of FINRA-registered broker-dealer compliance

An IAR who is also registered as an agent of a FINRA member broker-dealer and who complies with FINRA's continuing education requirements is in compliance with the products and practice requirement of s. DFI-Sec 11.02(b) for each applicable reporting period if the FINRA continuing education content meets all of the following criteria:

(1) Focuses on compliance, regulatory, ethical, and sales practice standards.

(2) Is derived from state and federal investment advisory statutes, rule and regulations, securities industry rules and regulations, and accepted standards and practices in the financial services industry.

(3) Requires that its participants demonstrate proficiency in the subject matter of the educational materials.

Wis. Admin. Code Department of Financial Institutions DFI-Sec 11.03

Adopted by, CR 21-057: cr. Register February 2022 No. 794, eff. 1/1/2023