Close Close

Regulation and Compliance > Federal Regulation > FINRA

FINRA OKs Variable Life Settlement Broker-Dealer

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.