2025 Regular SessionIndiana Legislature

HB1545: Investment adviser representatives and agents.

Legislative Summary

Investment adviser representatives and agents. Requires an applicant seeking to register as an agent of a broker-dealer in Indiana to pass financial industry regulatory authority (FINRA) examinations unless certain exceptions apply. Requires an applicant seeking to register as an investment adviser representative in Indiana to pass FINRA examinations unless certain exceptions apply. Provides that under certain circumstances an agent of a broker-dealer or an investment adviser representative may have the validity of the individual's FINRA qualifying examinations extended. Requires an investment adviser representative to participate in a continuing education program.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/21/2025
Authored by Representative Heaton
House of Representatives
1/21/2025
First reading: referred to Committee on Financial Institutions
House of Representatives

Status Information

Current Status
Introduced(1/21/2025)
Chamber
House of Representatives
Committee
Financial Institutions(House of Representatives)

Sponsors

Republican: 1

Documents

Introduced
Bill Text1/15/2025287.2 KB
Fiscal Note
Fiscal Note1/15/202559.6 KB