Tag: best interest regulations

Compliance February 15th, 2019

Comment Deadline Arrives for NAIC Annuity Sales Best-Interest Rule

The standard-setting and regulatory support organization governed by the chief insurance regulators of all 50 states set today as a deadline for industry comments on the latest draft of a model best-interest suitability standard applying to annuity sales.

Compliance November 28th, 2018

Association Sues New York DFS Over Best Interest Standard

Among other things, the National Association of Insurance and Financial Advisors for New York State alleges the Department of Financial Services (DFS) exceeded its permissible executive-branch authority by promulgating Regulation 187 without constitutional or statutory authority.

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MARKET MIRROR

Friday, the Dow surged by 337.27 points (1.22%) to reach 28,015.06, NASDAQ rose by 85.83 points (1.00%) to 8,656.53, and the S&P 500 gained 28.48 points (0.91%) for a 3,145.91 close. The Russell 2000 gained 19.00 points (1.18%) to finish at 1,633.84, and the Wilshire 5000 rose by 281.08 points (0.89%) to end at 32,039.01. The price of the 10-year Treasury note fell by 3/32, increasing its yield to 1.841%, and the price of the 30-year Treasury bond was off by 28/32, increasing its yield to 2.284%.

WEEK’S WORTH: For the week ended December 6, the Dow edged downward by 0.13%, the S&P 500 ticked upwards by 0.16%, and the NASDAQ was off by 0.10%. The Russell 2000 gained 0.57%, and the Wilshire 5000 ever so barely rose by 0.04%.

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