Broker Dealers
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NAIFA Letter Protests SEC Fiduciary Proposal
By Arthur D. PostalEliminating the broker-dealer exclusion from fiduciary requirements could result in a substantial increase in "frivolous litigation," NAIFA has told the SEC.
September 01, 2010
SEC Warns Credit Ratings Agencies That Dodd-Frank Gives It More Powers Over Ratings FraudNRSROs should implement sufficient internal controls over policies, procedures, and methodologies used to determine credit ratings.
September 01, 2010
SLCG Study: Leveraged and Inverse ETFs Are Short-Term InvestmentsInvestors risk serious losses for holding periods longer than a day or two.
September 01, 2010
Guaranteed Life Benefits Popular Among Q2 Variable Annuity PurchasersPart of the reason for variable annuities' increased popularity in the second quarter may be explained by the success of guaranteed living benefit riders.
September 01, 2010
U.S. Sales of Fixed Annuities Saw 18% Jump in Q2U.S. sales of fixed annuities totaled an estimated $19.4 billion in the second quarter, an 18% jump from first-quarter sales, according to Beacon Research's Fixed Annuity Premium Study released Monday.
September 01, 2010
New York Cuts College Savings 529-Plan Fees in HalfNew York State Comptroller Thomas DiNapoli announced earlier this week that his office would reduce fees associated with the state's 529 College Savings Program Direct Plan.
September 01, 2010
Former Lehman Chief Fuld Blames Government for Firm's DemiseRichard Fuld, former chairman and chief executive of now-defunct Lehman Brothers, testified before the Financial Crisis Inquiry Commission on Wednesday, September 1.
September 01, 2010
Hartford Study: Life Insurance Understanding Lowest Among Low-Income WorkersIn a survey of American workers employed full-time, lower-paid employees showed a more limited understanding of life insurance than those with higher incomes.