The National Association of Securities Dealers Inc. plans to keep a close eye on insurance products as it merges its regulatory operations with those of NYSE Regulation Inc., says a top NASD executive.
Mary Schapiro, chairman of the NASD, talked about the self-regulatory organization’s plans for insurance regulation in Phoenix at a seminar organized by the Securities Industry and Financial Markets Association, New York.
The combined NASD-NYSE SRO will merge the NASD Emerging Issues program with NYSE Regulation’s Office of Risk Assessment, Schapiro said, according to a written version of her remarks.
The new, merged emerging trends team will focus on issues that include the life settlement industry as well as sales practices aimed at seniors, Schapiro said.