/24-7PressRelease/ - BROOKFIELD, WI, January 18, 2008 - Despite the recent SEC ruling, which delayed paragraph (C) of FINRA Rule 2821 from going into effect until August 4, 2008, registered representatives and supervisors must begin to comply on May 5, 2008.
Variable Annuity Rule requires that financial institutions train their registered representatives on deferred variable annuities. Rule 2821, also called the Variable Annuity Rule, requires organizations to train their registered reps on deferred variable annuities. Both firms and agents must understand the requirements of the new rule and establish a schedule for compliance training. They must also have a record-keeping system in place.
Developed by industry experts, Quest CE's Deferred Variable Annuity Training Program allows supervisors and registered representatives to complete the training module online at their convenience. Once a student successfully completes a course, they may print a certificate of completion for their records. Additionally, student progress and completions can be monitored by compliance administrators online, and all records are maintained through Quest CE's online record-keeping solution.
Quest CE's Deferred Variable Annuity Training Program was designed to help financial professionals understand the suitability issues that affect the sale or exchange of deferred variable annuities.
With Quest CE's two training modules, one for supervisors and one for producers, companies can ensure compliance with FINRA Rule 2821 for as little as $2 per user.
To learn more about Quest CE's Deferred Variable Annuity Training Program, go to http://www.DeferredVariableAnnuityTraining.com or call 877.593.3366.
About Quest CE Solutions
Over the past 20-plus years, Quest Continuing Education Solutions (Quest CE) has built a reputation of being the premier provider of value-added insurance continuing education (Insurance CE) and other marketing solutions to help financial institutions increase awareness and sales of their products.
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