An investment firm in Lincoln, Neb., and one of its brokers in New Jersey were fined for inducing customers to take on addition mortgage and home equity debt so they could buy variable universal life insurance policies, according to FINRA.

A group representing investment advisors is asking the U.S. Securities and Exchange Commission to keep the Financial Insurance Regulatory Authority (FINRA) from expanding its regulatory authority by getting involved in …  Read →

Randy Scritchfield, president of Montgomery Financial in Rockville, Md., has been named to the board of directors of the Insurance Marketplace Standards Association.

Randy Scritchfield

The IMSA is a national standards-setting …  Read →