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Regulation and Compliance > Federal Regulation > SEC

Feds Ask: When Are Broker-Dealers Advisors?

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NU Online News Service, Dec. 22, 2004, 10:05 a.m. EST

The U.S. Securities and Exchange Commission is considering an issue that could affect life insurance companies with broker-dealer operations.[@@]

The SEC has scheduled an open meeting for 10 a.m. today in Washington. One of the issues on the agenda is a staff recommendation regarding the application of the Investment Advisers Act of 1940 to certain broker-dealers.