Deals & People September 25, 2007

Lincoln Financial Network Makes Appointment to Southeast Advisor Recruitment Team

The retail sales and financial planning division of Lincoln Financial Group has appointed Christine Baker as Regional Managing Director, Advisor Recruitment, for the Southeast territory.
Reported by

Baker comes from National Financial Services, A Fidelity Company, and will report to Christopher Flint, head of Advisor Recruiting, according to a press release.

Baker will be based in Atlanta, Georgia, and will oversee the recruitment in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.

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“Her experience will further enhance our efforts to grow our network of high potential financial professionals in the area of wealth creation, protection and enjoyment who are committed to providing their clients with the best service possible,” said Robert W. Dineen, head of Lincoln Financial Network, in the press release.

Compliance September 25, 2007

Fed Seconds SEC Vote for Broker Exceptions For Banks

The U.S. Federal Reserve gave its nod to a regulation allowing banks to continue selling some securities products and services without having to register as brokers with the Securities and Exchange Commission (SEC).
Reported by

Federal banking and securities regulators were required to cooperate to issue a single set of rules to deal with a matter left open after passage of the landmark 1999 bank reform law called the Gramm-Leach-Bliley Act, according to Reuters.

The Fed board of governors voted in favor of the interagency regulation on Monday, which was approved by the SEC last Wednesday.

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