InsuranceNewsNet Washington Bureau Chief Arthur D. Postal has covered regulatory and legislative issues for more than 30 years. He can be reached at [email protected].
The National Association of Insurance Commissioners plans in July to start forwarding information on insurance agents who have been reprimanded…
The rule would go into effect Sept. 1 and would cap indexed universal life illustration rates at less than 7 percent.
The common theme of both alternatives is imposing a “uniform best interest standard” on all financial advice offered to consumers.
Sen. Elizabeth Warren’s strong criticism of Securities and Exchange Commission Chairman Mary Jo White’s regulatory and enforcement record has drawn…
Life insurers’ use of captives and affiliates to cede their reinsurance risks is growing despite heavy criticism, especially from federal regulators.
The Republican leadership of the House Financial Services Committee is asking the Financial Stability Oversight Council (FSOC) for detailed information on the process used to designate non-banks as systemically important financial institutions (SIFIs).
The appointment of Andrew J. “Buddy” Donohue as staff chief was made as Securities and Exchange Commission (SEC) chair Mary Jo White gears up to tackle the creation of a uniform fiduciary standard for the sale of financial products.
An Arkansas congressman’s proposal to shift oversight of investment advisors to the Financial Industry Regulatory Authority (FINRA) from the Securities and Exchange Commission (SEC) ran into opposition immediately from a trade organization representing advisors.
Robert Ketchum said he fears the proposal could result in some firms closing their individual retirement account business.
The Financial Industry Regulatory Authority (FINRA) wants clients to be notified if a broker/dealer attempted to lure them to their firm by hiring their current broker away from another firm.
The Department of Labor’s proposed fiduciary standard adds another regulatory layer while increasing costs and failing in its stated mission of unifying a standard of care, according to financial services officials.
The National Economic Council director said “We have seen this movie before,” in calling for greater supervision of financial institutions by federal regulators.
Legislation that would allow broker/dealers to provide research on exchange-traded funds (ETFs) to their clients has cleared the House Financial Services Committee by an overwhelming vote.
Developing a uniform system for states to deal with the issue within a year has been deemed “essential” by the new committee, the Unclaimed Benefits Model Drafting (A) Subgroup.
A bill that would significantly reduce federal agencies’ authority to regulate insurance companies was reported out of committee today, despite it being unlikely to win enough votes in its present form to become law.
The Financial Stability Oversight Council (FSOC), in its annual report, appeared to voice particular concern with fixed index annuities.
The Supreme Court ruled that a retirement plan’s administrator must continually monitor funds once they are in a 401(k) plan.
Advisors will have a tough time promoting products such as annuities in educational materials without potentially violating the Department of…
The Department of Labor (DOL) extended the comment period on its fiduciary standard proposal by 15 days…
Three dozen Republican senators have added their voices to the demands by Congress that the Department of Labor’s (DOL) extend…
