Suitability guidelines are very important for annuity products. Those of us with good ethical standards need to make sure that the industry is treating consumers well. Two groups putting suitability standards into effect are FINRA and the NAIC. I just updated a blog post about …
Although FINRA isn’t pleased with their recent decision, advisors are happy that the regulatory agency is no longer trying to regulate them. According to Financial Planning’s “Advisors Cheer as FINRA Drops Bid to Regulate RIAs,” FINRA will no longer be campaigning to be the regulatory …
UPDATED JUNE 14, 2013 Last year, this blog discussed FINRA’s new suitability guidelines taking effect in the United States. These coincide with NAIC suitability guidelines in working to protect consumers from unethical sales of annuities. Minnesota is the latest state to adopt these guidelines, according …
Variable annuities are excellent products, but they can be extremely complex and must be carefully reviewed by potential purchasers. Advisor One’s Melanie Waddell says that “FINRA and SEC Warn About Annuity Risks” in this new article. The two organizations are concerned with variable annuity disclosures, …
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