# Indiana HB 1336: Securities and investment adviser representatives. Indiana HB 1336, Securities and investment adviser representatives., is a Second Regular Session 124th General Assembly (2026) House bill sponsored by Martin Carbaugh (Republican); status signed, last action 2026-02-26 (Signed by the Governor) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IN-HB1336-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Indiana HB 1336 - State: Indiana - Session: Second Regular Session 124th General Assembly (2026) - Title: Securities and investment adviser representatives. - Status: signed - Chamber: House - Introduced: 2026-01-06 - Last action: 2026-02-26, Signed by the Governor - Sponsor: Martin Carbaugh (Republican) - Cosponsors: 1 - Subjects: financial institutions, the senate, insurance and financial institutions - Touches household money: no - Roll calls: 3 (228 yes, 0 no in all) - Economic provisions PRIA read: 6 ## Summary Exempts a merger and acquisition broker from registering as a broker-dealer under certain circumstances. 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. ## Bill overview: provisions PRIA read - Adviser representatives get education flexibility: benefit, low. Beginning July 1, 2026, Indiana accepts home-state education for adviser representatives registered there when its requirements are at least as strict. Representatives must comply with those home-state requirements. The commissioner can also waive covered education, reporting, home-state recognitio… - Adviser applicants get exams and alternatives: mixed, low. Beginning July 1, 2026, adviser representative applicants generally need Series 65, or both Series 7 and Series 66, passed within two years. Without a Series 65 taken in that period, they also need the Securities Industry Essentials exam passed within four years. Current designations in good standi… - Adviser representatives face yearly education rules: mixed, low. Beginning July 1, 2026, adviser representatives need 12 credits per reporting period: six ethics and professional responsibility, and six products and practice. At least three hours must cover ethics; extra credits cannot carry forward. Qualifying FINRA education can cover products and practice, an… - Private company brokers get registration exemption: mixed, low. Beginning July 1, 2026, qualifying private-company sale brokers are exempt from Indiana broker-dealer registration. The exemption excludes holding deal funds or securities, certain public offerings, and shell-company deals outside business combinations. Brokers also cannot form buyer groups, transf… - Returning advisers can preserve exam validity: mixed, low. Beginning July 1, 2026, former adviser representatives can extend Series 65 or the adviser portion of Series 66 validity for five years. They need one year of registration immediately before leaving, no statutory disqualification, and no education deficiency at departure. Each year after leaving, t… - Securities professionals face updated exam rules: mixed, low. Beginning July 1, 2026, securities registration applicants must meet the exam rules that apply to their registration type. Broker-dealer agents generally need Series 63 or Series 66, plus any commissioner-required exams, passed within the previous two years. Agents unregistered in every state for m… ## Sponsors and cosponsors - Sponsor: Martin Carbaugh (Republican), House - Cosponsor: Scott Baldwin (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-02-19 | House | House concurred with Senate amendments | pass | 94 | 0 | | | 2026-02-17 | Senate | Third reading: passed | pass | 45 | 0 | | | 2026-01-28 | House | Third reading: passed | pass | 89 | 0 | | ## Actions (20) - 2026-02-26: Signed by the Governor (House) - 2026-02-26: Public Law 41 (House) - 2026-02-25: Signed by the President of the Senate (Senate) - 2026-02-24: Signed by the President Pro Tempore (Senate) - 2026-02-23: Signed by the Speaker (House) - 2026-02-19: House concurred with Senate amendments; Roll Call 298: yeas 94, nays 0 (House) - 2026-02-18: Motion to concur filed (House) - 2026-02-18: Returned to the House with amendments (Senate) - 2026-02-17: Third reading: passed; Roll Call 190: yeas 45, nays 0 (Senate) - 2026-02-16: Second reading: amended, ordered engrossed (Senate) - 2026-02-16: Amendment #1 (Baldwin) prevailed; voice vote (Senate) - 2026-02-12: Committee report: do pass, adopted (Senate) - 2026-02-02: First reading: referred to Committee on Insurance and Financial Institutions (Senate) - 2026-01-29: Referred to the Senate (House) - 2026-01-28: Third reading: passed; Roll Call 123: yeas 89, nays 0 (House) - 2026-01-28: Senate sponsor: Senator Baldwin (House) - 2026-01-22: Second reading: ordered engrossed (House) - 2026-01-20: Committee report: do pass, adopted (House) - 2026-01-06: Authored by Representative Carbaugh (House) - 2026-01-06: First reading: referred to Committee on Financial Institutions (House) ## Bill text - Engrossed House Bill (H): [PDF](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.04.ENGS?format=pdf) - Enrolled House Bill (H): [PDF](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.05.ENRS?format=pdf) - House Bill (S): [PDF](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.02.COMH?format=pdf), [PDF](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.03.COMS?format=pdf) - Introduced House Bill (H): [PDF](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.01.INTR?format=pdf) ## Related bills - HB 1266: Department of education and education matters. (signed) - HB 1277: Health and human services matters. (signed) - HB 1210: Department of local government finance. (signed) - HB 1249: Various criminal law matters. (signed) - HB 1200: Bureau of motor vehicles. (signed) - HB 1115: Homeowners association governance. (signed) ## Sources - [Engrossed House Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.04.ENGS?format=pdf) - [Enrolled House Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.05.ENRS?format=pdf) - [House Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.02.COMH?format=pdf) - [House Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.03.COMS?format=pdf) - [Introduced House Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/HB1336/versions/HB1336.01.INTR?format=pdf) ## Related - [HB 1266: Department of education and education matters.](https://policyrisk.com/state-bill/IN-HB1266-2026) - [HB 1277: Health and human services matters.](https://policyrisk.com/state-bill/IN-HB1277-2026) - [HB 1210: Department of local government finance.](https://policyrisk.com/state-bill/IN-HB1210-2026) - [HB 1249: Various criminal law matters.](https://policyrisk.com/state-bill/IN-HB1249-2026) - [HB 1200: Bureau of motor vehicles.](https://policyrisk.com/state-bill/IN-HB1200-2026) - [HB 1115: Homeowners association governance.](https://policyrisk.com/state-bill/IN-HB1115-2026) - [Indiana bills](https://policyrisk.com/states/indiana/bills) - [Indiana state hub](https://policyrisk.com/states/indiana) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IN-HB1336-2026 (as of 2026-11-01).