Nebraska has announced its adoption of NASSA’s Investment Adviser Representative (IAR) Continuing Education model regulation. This initiative, taking effect on January 1st, 2025, positions Nebraska as the twenty-first since its introduction in 2021.
Under this new rule, registered investment adviser representatives in Nebraska will be required to complete a designated number of continuing education courses annually. While CE requirements have long been standard for broker-dealer agents and various financial professionals, IARs had previously been exempt from such mandates. Recognizing the crucial role IARs play in their clients’ financial wellbeing, both state regulators and industry leaders have advocated for the implementation of a CE program.
For more information on the IAR CE Model Rule, see our whitepaper titled, “Must-Know’ Facts about the IAR Continuing Education Model Rule.”
Beginning in 2025, Nebraska IARs must fulfill 12 credits annually to maintain their IAR registration. These credits must be evenly split between Products and Practices (six credits) and Ethics and Professional Responsibility (six credits). Non-compliance with this requirement will result in an IAR’s status being changed to “inactive” in their FinPro account until they complete the outstanding credits from the previous year.
To see which states adopted/have regulations pending, and how our IAR CE works click here.
