Financial Services Industry
Industry: Email Alert RSS FeedHey there, insurance agent: We can make you an RIA; Some say firm may draw NASD scrutiny over `skirting' of rules.(News)
Investment News, April, 2007
Byline: Gary S. Mogel NEW YORK - A new firm is assisting insurance agents in becoming registered investment advisers so the agents can obtain fee income from advice and securities products. That way, agents can circumvent broker-dealer production demands and NASD compliance. But the strategy may invite more regulatory scrutiny, some industry observers say.
Registered Independent Advisors LLC in Brainerd, Minn., this month sent e-mail solicitations to agents urging them to become RIAs by using the firm's administrative and training services. The e-mail links to the firm's website, where agents are told how they can avoid onerous broker-dealer oversight and NASD regulation - especially as it regards equity index annuities. "Agents who become...
- How to choose the right insurance carrier for your business
- Real Estate: Prepare your properties to weather what lies ahead
- Technology: Be prepared if part of your global supply chain goes missing
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
