A bipartisan bill to direct the Securities and Exchange Commission to issue a new form for annuity issuers to use when filing registered index-linked annuities has been reintroduced in the House.
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NAIFA Supports Bill to Reform Index-Linked Annuities Registration
By Mike Hedge on 8/16/21 9:39 AM
Topics: Annuities Legislative & Regulatory SEC Federal Advocacy
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SEC Chair Clayton to Step Down
By NAIFA on 11/17/20 8:45 AM
The National Association of Insurance and Financial Advisors (NAIFA) would like to thank Securities and Exchange Commission Chairman Jay Clayton for his leadership and service. Clayton has announced that he will leave the agency at the end of 2020. As chairman, Clayton has shown a strong willingness to understand and consider the perspectives of financial professionals. He has met with NAIFA leaders and members on issues of importance to advisors and their clients.
Topics: Legislative & Regulatory Reg BI SEC
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The SEC’s CAT Database Brings Data Security Concerns
By NAIFA on 8/13/20 1:28 PM
The Securities and Exchange Commission (SEC) in June began requiring broker-dealers to submit detailed information on securities trades to the SEC’s Consolidated Audit Trail (CAT) database. A similar requirement for options trades went into effect in July. The purpose of the CAT is to allow SEC regulators to identify and analyze irregularities and threats to the securities markets.
Topics: Advocacy Security Press Release Cybercrime SEC
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SEC Warns of Increase in Cybercrimes Targeting Financial Professionals
By NAIFA on 7/14/20 11:23 AM
The Securities and Exchange Commission has issued a Risk Alert warning about an increase in cybercrimes targeting financial professionals and institutions. The document, issued by the SEC’s Office of Compliance Inspections and Examinations (OCIE), says scammers have targeted “broker-dealers, investment advisers, and investment companies” and others in the financial services industry with phishing and ransomware attacks.