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EXECUTIVE SUMMARY
The NASD requests comments on a proposal to rescind the Guidelines and to amend Article III, Section 35 of the Association's Rules of Fair Practice to include items that were contained in the Guidelines regarding
The Communications with the Public topic of the 2025 FINRA Annual Regulatory Oversight Report (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations, (2) findings and effective practices, and (3) additional resources.
The 2025 FINRA Annual Regulatory Oversight Report (the Report) provides member firms with insight into findings from the recent oversight activities of FINRA’s Member Supervision, Market Regulation and Enforcement programs (collectively, regulatory operations programs).
Over regulation is hurting not only Stock Brokers ,it is hurting Insurance Agents as well. Regulators should not be able to kill an industry just so they can justify their jobs. With Fixed Index Annuities the suitability forms and requirements are beyond reason, and have killed millions of dollars worth of sales, and hurt millions of agents and potential customers.
1. I should be able to decide how I invest. 2. Shorting the market can lead to unlimited loss. Inverse funds limit that loss. 3. Just receiving an option book permits option trading. Receiving the prospectus of the ETFs should be adequate. 4. If you really want to protect the public, improve and enforce fiduciary standards AND selling annuities BEFORE restricting these ETFs.
<p>The expansion of the NASD's sales practice authority over group variable contracts in August 1996 requires that broker/dealers apply NASD rules to all their sales of group variable contracts, including pre-August 1996 variable contracts. Thus, broker/dealers who had not set up record-keeping procedures for pre-August 1996 contracts must now do so.<br/></p>
The Private Placements topic of the 2024 FINRA Annual Regulatory Oversight Report (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
Comments: The problem is not the product, it is the breadth of knowledge of the solicitor. FINRA enforcement of the solicitor is more important and a better use of time and resources than restricting use of the product. There is no more complex product than indexed annuities and its numerous moving parts, possibly the most oversold by the most uninformed of all products available to the consumer
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Who decides what is "complex"? Isn't that a subjective process? What if a regulatory regime likes annuities because they take the investment options and risk away from the citizen, and declares every other investment vehicle "complex"? Regulators should regulate the processes under which investments are offered and sold to the public, not the investment options available
