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 with training requirements on May 5, 2008.
FOR IMMEDIATE RELEASE / PRURGENT
Rule 2821, also called the Variable Annuity Rule, requires organizations to train their registered representatives 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 site (www.deferredvariableannuitytraining.com) and 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.
About Quest CE
Over the past 20-plus years, Quest CE has built a reputation of being the premier provider of Continuing Education and Compliance Solutions to the financial services industry. In addition to offering CE for professionals holding insurance licenses and professional designations like the CFP, CIMA, CLU/ChFC, and CPA designations, we also provide a complete spectrum of financial training solutions.
Website: http://www.deferredvariableannuitytraining.com/ | 
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