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From the Field: Expert Insights RSS Get our newsletter
May 17, 2023
Image of an "Eviction Notice" sign. FINRA boots SW Financial in first Reg BI expulsion.

FINRA boots SW Financial in first Reg BI expulsion

New York-based Salomon Whitney Financial did not disclose fees and failed to monitor churning despite a long history of violations, according to a FINRA order.

May 16, 2023
Image of a gavel and word "Appeal" with a large red "X" through the word. DOL drops appeal of court decision tossing out portion of rollover regulation.

DOL drops appeal of court decision tossing out portion of rollover reg

The Department of Labor is withdrawing an appeal of a February decision tossing out a portion of its regulation on rollover recommendations.

May 16, 2023
Image of hands holding a heart with an EKG line overlapping. Colorado takes aim at health care sharing plans.

Colorado takes aim at health care sharing plans

The Colorado Department of Insurance released its first report on health sharing plans and consumer complaints.

May 16, 2023
Group of people in a business meeting, with ESG information displayed on a computer screen, ESG rule 'wrong rule' to have ideological fight, analyst says.

ESG rule ‘wrong rule’ to have ideological fight, analyst says

A Texas judge could decide any day on a lawsuit brought by state attorneys general against the Department of Labor’s environmental, social and governance investing rule.

May 16, 2023

Abortion access, False Claims Act among current health litigation

Abortion access, false claims, telehealth, discrimination and patient inducements are among the health care issues with pending litigation in the court system.

May 16, 2023

Diverse investors require a tailored approach

A more diverse population requires financial professionals to take a different approach in meeting their needs.

May 15, 2023
Picture show a judge's gavel and a crown
Phillip Roy Wasserman was found guilty today of a $6.3 million fraud.

‘Annuity King’ Phillip Roy Wasserman found guilty of $6.3M fraud

A Florida jury found the self-styled “Annuity King,” Phillip Roy Wasserman guilty today of defrauding investors with his FastLife life insurance products.

May 15, 2023

How states are tracking Medicaid data as unwinding begins

States are tracking and monitoring data to help speed and complete the Medicaid redetermination process.

May 15, 2023
Photo shows the Department of Labor logo above a table of people sitting in the shadows.
Time is running out for the Department of Labor to complete its fiduciary rewrite.

DOL won’t give up on push for fiduciary standard on rollovers, analysts say

The Department of Labor isn’t likely to back away from pushing for tougher fiduciary standards on the sale of retirement products, a pair of experts agreed Thursday, despite significant losses in court.

May 15, 2023

How life insurers can leverage digital field underwriting

Digital field underwriting must happen at a faster pace if the life insurance industry is to survive a time of declining market penetration and falling sales.

May 12, 2023

Mother’s Day: More than a day to buy flowers

Mother’s Day is a good time to reflect on the monetary value of the work mothers do for their families and for society.

May 12, 2023
Image of a person holding money in their hand. Confidence in ability to retire comfortably declines, study says.

Study: confidence in having adequate retirement savings drops

Americans’ confidence in having enough money to live comfortably in retirement declined significantly in 2023, according to a recent survey.

Mastering the discovery phase of financial planning

May 12, 2023

When you go to the doctor, you explain what feels wrong or share your symptoms for them to diagnose the problem. The same is true for our business as financial advisors.

May 12, 2023
Picture shows a man looking through binoculars with index results reflected in the lenses.
Plaintiffs allege that Lincoln Financial misrepresented the gains an FIA would earn.

Ex-Lincoln Financial agent is lead plaintiff in Texas lawsuit over insurer’s FIA sales

Lincoln Financial is asking a Texas judge to dismiss a lawsuit filed by nine plaintiffs who claim they were sold a fixed indexed annuity with illustrated promises of unrealistic gains. One of its former agents is the lead plaintiff.

May 11, 2023
Image of the U.S. Capitol against the background of a calendar with June 1 circled. June 1 deadline looms for debt ceiling crisis.

June 1 deadline looms for debt ceiling crisis

Each side seems intractable as June 1 deadline approaches to raise the nation’s debt ceiling before the government runs out of money and defaults.

May 11, 2023
Image of piggy bank with the word "Apollo" on it, while tiny figures are being pulled toward an adjacent light. Apollo expects to pull wealthy investors into alternatives with new annuity, investment vehicle.

Apollo expects to pull wealthy investors into alternatives with new annuity, investment vehicle

Apollo Global Management has high hopes for two new products that it expects will interest high-net-worth investors in alternative investments.

May 11, 2023

Silver divorce and life insurance settlements: Navigating a new landscape

Silver divorces may involve the division of life insurance. How a life settlement might be a solution.

May 10, 2023
Federal Reserve logo overlapping stacks of coins with an upward fever arrow. There is a break in the upward line with question marks overlapping the break. As inflation cools, some say Feds may end rate hikes – for now.

As inflation cools, some say Fed may end rate hikes – for now

For the 10th consecutive month, inflation has shown signs of cooling, leading some to theorize the Fed may done with rate hikes – for now.

May 10, 2023
Photo shows the Lincoln Financial logo over some financial data.
Lincoln Financial executives say a reinsurance deal inked last week will help the company by freeing up capital.

Lincoln Financial struggles again in Q1, reports an $881M loss

Lincoln Financial Group completed another difficult quarter financially, but executives touted last week’s $28 billion reinsurance deal as a crucial rebound move for the insurer.

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