For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (FINRA), without admitting or denying the findings, William F. Weiss submitted a Letter of Acceptance, Waiver and Consent (AWC), which FINRA accepted. During the relevant period of 2005 to September 2008, Weiss was a managing director and branch office manager of The Weiss Group, a Metlife Securities office of supervisory jurisdiction. The AWC alleges two registered representatives improperly engaged in life settlement transactions without the firm’s knowledge or prior approval. The AWC further alleges Weiss knew of the transactions and took no steps to bring it to the firm’s attention. In accordance with the terms of the AWC, Weiss received a $10,000 fine and a six-month suspension in a principal capacity.
Here are four strategies for using digital tools to help consumers buy, manage and use the products you sell.
The United State is not near the top of this list.
The rules might exclude entities with large U.S. insurance underwriting operations.
Sponsored by Fidelity Investments
Get insights into the mindset that’s driving today’s advisors to make a move--and help realize their unique business vision.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.