State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
A question of control
By Staff WriterWhen the discussion turned to who should have oversight of insurance products, no one wanted to see regulation of annuities turned over to FINRA and Mary Schapiro, who admitted to NAFA's Kim O'Brien that she wanted more oversight authority: "[She]
April 18, 2008
NAIC Panel Acts On Market Conduct Data ProposalAn arm of the National Association of Insurance Commissioners has advanced a proposal to centralize the collection of market conduct data.Members of the Market Regulation ...
April 17, 2008
A question of controlWhen the discussion turned to who should have oversight of insurance products, no one wanted to see regulation of annuities turned over to FINRA and Mary Schapiro, who admitted to NAFA's Kim O'Brien that she wanted more oversight authority: "[She]
April 16, 2008
Financing entity hit with cease-and-desistThe state of Florida in July ordered Great West Growth LLC to cease and desist its life settlement operations in the state, claiming the company was not licensed to operate in Florida. Kevin McCarty, the Florida insurance commissioner, said at
April 16, 2008
Disability Insurer Completes Claims Reassessment ProcessUnum Group Corp. has paid about $676 million in extra benefits to claimants in connection with a review of past claims decisions, officials say.Unum, Chattanooga, ...
April 15, 2008
NASAA updates investment advisor best practicesThe North American Securities Administrators Association has issued an updated set of best practices to help investment advisors stay in compliance.NASAA President and North Dakota Securities Commissioner Karen Tyler said the best practices were
April 14, 2008
NASAA updates investment advisor best practicesThe North American Securities Administrators Association has issued an updated set of best practices to help investment advisors stay in compliance.NASAA President and North Dakota Securities Commissioner Karen Tyler said the best practices were
April 10, 2008
Leapfrog the bottom feeders.Well, the heat's been turned up on the issue of sales practices in the senior marketplace.When I heard that U.S. Senate Special Committee on Aging was planning to hold hearings in September, shortly before the second annual Senior Summit, I expected