Fed briefs Council on enhanced SIFI standards
MetLife SIFIhood still in limbo as it remains in Stage 3 of the designation process.
Fed policy warm to global insurance rules
Bernanke says no country can effectively implement the financial reforms he described in isolation.
FINRA to focus on senior suitability annuity sales
FINRA may be issuing a report on firms' practices on product-specific suitability guidelines for senior investors.
Lincoln Nat'l settles multistate action for $12.6M
Lincoln Financial is the latest insurer to come under the widening umbrella of the Social Security Administration’s Death Master File settlements.
Industry wary of direction on FASB insurance contracts
Insurance interests and investors expressed concern over Topic 834, and NAIC has a different view than the Federal Insurance Office.
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Act, Prudential is entitled to bring an action within 30 days in federal court to have the final determination rescinded.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.