Prudential Loses Appeal, Is Designated a SIFI by FSOC
Under the Dodd-Frank Act, Prudential is entitled to bring an action within 30 days in federal court to have the final determination rescinded.
MetLife’s Landmark Unclaimed Property Settlement Could Approach $700 Million
The MetLife Insurance Cos. multi-agency agreement on unpaid life and annuity policies and the reporting of unclaimed property is a landmark agreement, according to NAIC President and Florida Insurance Commissioner Kevin McCarty.
From FINRA Case, a Cautionary Tale on Immediate Annuities—Compliance Watch
A FINRA arbitration panel recently decided in favor of a broker against his former BD in a dispute over a U4 involving an examination over advertisements for a fixed annuity product.
FINRA to Stay Aggressive, Focus on Structured Products—Compliance Watch
At times of great market volatility, says FINRA's Brad Bennett, suitability and marketing problems rise.
SEC Cracks Down on RIA, BD Compliance Officers--Compliance Watch
Two recent SEC cases signal, says a former examiner, that CCOs and their firms are unaware of their vulnerability and liability.
Planners Beware: More Probes by CFP Board; Reg S-P Victory Gives It More Teeth—Compliance Watch
CFP Board enforcement chief Shaw says 1,500 investigations launched in 2010; bankruptcies new focus.
Advisors Beware, Client Testimonials on Social Media = Advertising—Compliance Watch
Steps that social-media using advisors should take to avoid getting dinged by SEC examiners: focus on testimonials and file retention on LinkedIn and Facebook.
More Challenges for Target Date Funds
Target-date mutual funds, once the darling of the industry, need lots of improvement when it comes to better practices by managers and fund companies, from...
When Less Is More
It appears that the best broker/dealers limit the number of investment vehicles on their approved list. That's one of the findings of The Art of...
B/D Briefing: Keys to B/D Success
A new study published by Moss Adams and Pershing affiliate iNautix--The Art of Efficiency: A Holistic Approach to Operations--reveals what most suspect but perhaps won't...