Category Archives: Regulatory Updates
SEC Raises Rule Requirements for Advisory Performance Fees
RIA NEWSLETTER EXCERPT – March 2012 –A recent AdvisorOne article discussed the Securities and Exchange Commission’s announcement that it has decided to “tighten its rule on investment advisory performance fees to raise the net worth requirement for investors who pay … Continue reading
SEC Budget Requests More Examiners
INSURANCE NEWSLETTER EXCERPT – March 2012 – According to a recent InvestmentNews release, the recent budget proposal by the Obama administration would allow the Securities and Exchange Commission (SEC) to add over 200 new RIA examiners. Many think this proposal will … Continue reading
Quest CE Announces New Firm Element Course on FINRA Rules 2090 and 2111
MILWAUKEE – May 31, 2011 – Quest CE, premier provider of insurance continuing education and FINRA firm element training, is proud to announce the authoring of a new course titled, “FINRA Rules 2090 and 2111: Know Your Customer and Suitability.” … Continue reading
North Dakota 4-hour Annuity Suitability Training Requirement
North Dakota’s Legislative Assembly passed HB 1160 and it was signed into law on April 19th, 2011. All producers selling Annuity products will be required to take a one-time 4-hour Annuity Suitability Training course before August 1, 2012. Below is … Continue reading
NAIC Suitability Self-Registration is Available Today
NAIC Suitability Training through Quest CE is live and available for your producers today. Our innovative platform offers Producers the ability to register training profiles either through a bulk load student process on the front end or intuitive self registration. … Continue reading
Sign Up for Our Firm Element Best Practices Webinars
Quest CE will host a series of Firm Element Best Practices Webinars. These Best Practices Sessions will feature a review of the results from our Annual Firm Element Program Audit survey taken by our valued Firm Element clients. Quest CE … Continue reading
FINRA Rule 3270 – Updated Rules on Outside Business Activities
Effective December 15, 2010, FINRA Rule 3270 will require registered representatives to provide a prior written notice to broker-dealers of an outside business activity (OBA). Review and approval by member firms is required in order to determine if the activity … Continue reading
SEC Proposes New Rule to Prevent Fraud in Connection with Security-Based Swaps
The Securities and Exchange Commission (SEC) voted unanimously to propose a new rule to help prevent fraud, manipulation, and deception in connection with security-based swaps. The rule is proposed under Title VII of the Dodd-Frank Wall Street Reform and … Continue reading
SEC Adopts New Rule Preventing Unfiltered Market Access
The Securities and Exchange Commission (SEC) voted unanimously to adopt a new rule to require brokers and dealers to have risk controls in place before providing their customers with access to the market. The new rule focuses on a … Continue reading
Quest CE to Prepare Course for Oregon Annuity Suitability Model Rule
MILWAUKEE – November 24, 2010 – Quest Continuing Education Solutions (Quest CE) will begin preparing a course for the proposed Oregon state specific Annuity requirement. The Oregon Department of Consumer and Business Services (Insurance Division) has scheduled a hearing date … Continue reading
