IAR, CFP, CIMA, & CPA Credit On Demand

Last updated March 6, 2026 

Approved for NASAA Ethics IAR CE (Course ID C28432) as well as CFP, CIMA, and CPA credit. 

Financial regulation is in the midst of historic structural change. Federal legislation expected to be adopted in 2026 will expand capital-formation methods. Crypto, verboten by regulators since its inception, is being embraced and expected to be enabled in 2026 by Congress and regulators, along with rules federally preempting state securities regulation in support of expanding private capital formation.

This class explains the growing debate surrounding federal preemption of state securities regulation of new, fast-growing, untested investments in crypto, private exchange-traded alternative investments, and why state regulators view their investor-protection role as essential to safeguarding American investors. 

Drawing on inside experience from NASAA’s former policy chief for a decade, Michael Canning  analyzes proposals to create venture investment exchanges, expand private securities markets, and enable a regulatory framework for cryptocurrency investments. 

Congressional priorities, campaign finance dynamics, and competing industry interests are addressed. 

Advisors gain an understanding of how these major regulatory shifts can be expected to affgh  ghhhhhhhhh,hhhhhhhhhhhhhhh,kkkkkkkkkkkkkkkkkkkkkliiiiiiiiiiiiiiiiiii ect fiduciary obligations when evaluating crypto assets, private investments, and emerging financial technologies. After this class, you'll be able to:


  • Understand the mission of state securities regulators. 
  • Explain NASAA’s role in shaping securities policy. 
  • Recognize limits of the federal regulatory framework. 
  • Assess the fiduciary implications of federal preemption.
  • Evaluate intrinsic-value concerns around crypto assets. 
  • Identify legislative drivers shaping crypto regulation. 
  • Analyze venture exchanges for private securities trading. 
  • Understand JOBS Act reforms affecting capital formation. 
  • Recognize insider-information risks in venture investing.
  • Apply regulatory developments to fiduciary decision-making. 



CE Submission & Approval Status

Organization Status Course ID
CFP Board Approved 347089
IWI / CIMA Approved 26A4AI007
NASAA Approved 28432
NASBA Approved
Approved – Course has been fully approved
Pending Review – Submitted and awaiting review
To Be Submitted – Not yet submitted
Not Approved – Course is not approved for CE

 On-Demand Credit Requirements

To earn credit for this on-demand course, participants must pass a 10-question assessment quiz with a score of at least 70% and complete three ungraded review questions.

Who Should Attend

IARs, CFP® professionals, EAs, CFAs, CPA financial planners, CPA/PFSs, CIMAs, CLUs, ChFCs, and other professionals seeking a deeper understanding of how economic conditions influence investment decisions and disciplined portfolio strategies.

Cost

Free to Advisors4Advisors members ($60/quarter)

CPE / CE Credit

  • Credit Hours: 1 hour

  • Field of Study: Ethics  

  • Course Level: Overview

Prerequisites

None

Advanced Preparation

None

Delivery Method

Group Internet-Based (Live webinar and on-demand replay)

Class curriculum

  1. Instructions

  2. Class Content

  3. Review Exercise

  4. Assessment

  5. Feedback

About this class

  • $49.99
  • 1 hour of video content

Instructor

Michael Canning

Michael J. Canning is principal of LXRDC, a Washington, D.C.–based regulatory and public policy advisory firm serving financial services organizations. Before founding LXRDC, Canning spent more than a decade at the North American Securities Administrators Association (NASAA), where he served in senior leadership roles focused on federal–state coordination, legislative strategy, and securities policy development. At NASAA, he worked closely with state securities regulators, Congress, and federal agencies on issues involving investment adviser oversight, broker-dealer regulation, capital formation, and investor protection. Canning’s experience includes analyzing federal preemption proposals, monitoring congressional securities legislation, and translating complex regulatory developments into actionable insights for industry stakeholders. His background provides a practical understanding of how state regulators approach enforcement, rulemaking, and supervisory priorities. Canning advises firms on navigating regulatory change, assessing enforcement trends, and understanding the evolving balance between federal authority and state securities oversight. Consumer Federation of America, AARP, and PIABA are among his former clients.