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 fell 255.68 points (0.95%) to 26,770.20, the NASDAQ closed 67.31 points (0.83%) lower at 8,089.54, and the S&P 500 decreased 11.75 points (0.39%) to 2,986.20. The Russell 2000 was down 6.36 points (0.41%) at 1,535.48, and the Wilshire 5000 lost 128.91 points (0.42%) to finish at 30,432.73.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.748%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 2.246%.

WEEK’S WORTH: For the week ending October 18, the Dow was down 0.17%, the NASDAQ increased 0.40%, and the S&P 500 gained 0.54%. The Russell 2000 climbed 1.56%, and the Wilshire 5000 finished 0.51% higher.

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