The United States Senate Special Committee on Aging will hold a hearing entitled as “Advising Seniors About Their Money: Who Is Qualified – and Who Is Not?” on Wednesday, September 5, 2007 at 2:00 p.m. EST. If interested in hearing the webcast, you should visit the website of the Special Committee on Aging. Joseph P. [...]
Posted by Bryan Hill
Saturday, September 1, 2007
It was recently reported by Investment News that U.S. Senate Special Committee on Aging has launched an investigation regarding certain controversial sales tactics and credentials focused upon the elderly. This Senate committee has apparently made requests to several insurers about its agent training materials and agent screening procedures. Moreover, it was reported that this committee [...]
In today’s edition of the Omaha World-Herald, Jack Herstein, deputy director of the Securities Bureau of the Nebraska Department of Banking and Finance, noted that the Securities Bureau has approved eight (8) professional designations for use by registered investment advisers in Nebraska. Those professional designations already approved for use by registered investment advisers in Nebraska [...]
It appears that certain state securities regulators are continuing their investigation of insurance only agents offering equity indexed annuities by focusing upon the use of seminars targeted toward the elderly and underlying training associated with such seminars. As noted in a recent article in Investment News, the Massachusetts Securities Division is scrutinizing various marketing efforts [...]
For those of you following the debate over whether an equity-indexed annuity is a security or insurance product, there’s an article on the subject in the January issue of Registered Representative magazine. As we’ve discussed before, many state securities regulators are classifying an insurance licensed only agent selling equity-indexed annuities (“EIAs”) as an unregistered investment [...]
