Post-Registration Requirements

What this video covers

• What "promptly" means for Form U4 updates, why it is typically 30 days, and how failing to disclose a material change is itself a separate violation
• The complete list of material changes requiring prompt Form U4 disclosure, including address changes, disciplinary events, complaints, employment changes, criminal charges, and financial disclosures
• Registration duration rules, the false trap of expiration, and the three ways registration ends: withdrawal via Form U5, revocation or suspension by the administrator, or lapse through non-renewal
• The NASAA IAR Continuing Education (CE) model rule breakdown of 12 annual hours, split as 6 hours of products and practices plus 6 hours of ethics and professional responsibility
• Why CE completion never waives the initial qualifying exam requirement, and which states may not have adopted the 12-hour rule
• Why the state administrator retains full personal authority over an IAR even when that IAR works for a federal covered adviser registered with the Securities and Exchange Commission (SEC)
• The administrator's power to issue cease-and-desist orders without a prior hearing, and the investor protection philosophy behind this authority