CFPB issues report on the use of senior designations and recommendations for regulation *

USA - April 24 2013
April 22, 2013 -- On April 18, the Consumer Financial Protection Bureau ("CFPB") delivered a report to Congress and the Securities and Exchange…

Co-authors: Ann Furman, Scott C. Shine.

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Iowa leads the way issuing guidance on annuity illustrations *

USA - April 5 2013
April 5, 2013 -- On April 3, 2013, Iowa Insurance Commissioner Nick Gehart issued Iowa Insurance Department ("IID") Bulletin 13-01 providing guidance…

Co-authors: Ann Furman.

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SEC seeks cost/benefit data relating to standards of conduct for broker-dealers and investment advisers *

USA - March 6 2013
On March 1, 2013, the SEC released a 72-page request (available here) for cost/benefit data and other information relating to different standards of…

Co-authors: Tom Lauerman.

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NAIC reveals annuity products game plan for 2013 *

USA - February 15 2013
Several NAIC working groups are set to tackle a host of issues impacting annuity products in 2013. These initiatives reflect the importance that…

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Duty of care to turn on consumers’ “reasonable expectations” *

USA - February 15 2013
2013 will see changes to the duty of care owed by those who provide financial or investment advice or provide financial products to consumers. It…

Co-authors: Scott C. Shine.

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