State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
...is Paved with Good Intentions
By Warren S. HerschImagine a regulation that, implemented for the purpose of protecting consumers, actually has the opposite effect.
July 11, 2010
Sigh of Relief for EIA SellersFor months, regulators from the SEC have sought to extend that agency's regulatory authority to cover the sale of equity indexed annuities, on the grounds that EIAs derive their value from market movements and as such, are not true insurance products.
June 24, 2010
No Buyers For Troubled Insurer's Fla. LTC BusinessNational States Insurance Co., St. Louis, has prospective buyers for its life and Medicare supplement policies but can't find insurers interested in its Florida long term care policies.
June 24, 2010
House, Senate Agree to Retain State Oversight of EIAsHouse conferees agreed Thursday, June 24, with the Senate in passing the amendment offered by Senator Tom Harkin's (D-Iowa) which retained state regulation of equity-indexed annuities (EIAs).
June 24, 2010
EIAs To Remain State RegulatedConferees on financial services regulation today agreed to keep equity indexed annuities state-regulated.
June 24, 2010
EIAs To Remain State RegulatedConferees on financial services regulation today agreed to keep equity indexed annuities state-regulated.
June 16, 2010
Is the do-not-call list still an issue for you?Not too long ago, I was helping my daughter with her math homework (heaven help us both) when the phone rang. On the other line was a young lady asking me if I was interested in some new ideas for investing.
June 15, 2010
For Reform Bill, NASAA and CFA Make Last-Minute Fiduciary BidsAs the House and Senate conferees ready to debate the fate of the fiduciary standard on Wednesday, June 16, industry groups are making last-ditch efforts to convince lawmakers to apply fiduciary duty to brokers.