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.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.