Securities and investment adviser representatives.

Summary

The bill creates a new exemption so merger and acquisition brokers generally do not have to register as broker‑dealers in Indiana, unless they engage in specified prohibited activities. It also requires anyone applying to be a broker‑dealer agent or an investment adviser representative to pass FINRA qualifying exams, with limited exceptions, and mandates continuing education for investment adviser representatives. The changes are intended to simplify some securities transactions while keeping professional standards in place.

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