Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Regulation and Compliance > Federal Regulation > FINRA

FINRA OKs Variable Life Settlement Broker-Dealer

X
Your article was successfully shared with the contacts you provided.

The Financial Industry Regulatory Authority has given Invescor Wholesale BD Inc. permission to expand into the secondary life insurance market.

FINRA, Washington, is a broker-dealer group that helps regulate broker-dealers.

Invescor Wholesale, a unit of Invescor Ltd., Farmington Hills, Mich., now can process other broker-dealers’ sales of in-force variable life policies through life settlement transactions.

Invescor Wholesale says it has developed its own Web-based system, the LifeSettleWare system, to process the variable life settlement business.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.