It's the 5 percent that end up on my desk and force us to take action at the state level and also to address new suitability rules
at the NAIC.
Land suitability rules
comprising soil, climate and landscape parameters were developed by TIA for 20 different enterprises using a four-class (well-suited, suitable, moderately suited, unsuited) most-limiting factor approach (Klingebiel and Montgomery 1961).
See Dan Jamieson, New Finra Suitability Rules
In 2012, NEBDIAA meetings included a review of last year's new Form ADV Part 1 disclosure requirements, Department of Labor Regulation 408(b)(2) disclosure requirements, FINRA suitability rules
for broker dealers, and a focus on social media activities by investment advisers and broker dealers.
Producers are scared about compliance and suitability rules
That section states that the Commission [SEC] shall treat as an exempt security under Section 3(a)(8) of the 1933 act "any insurance or endowment policy or annuity contract or optional annuity contract" that isn't a variable contract and that, if issued on or after June 16, 2013, is issued by an insurer that has adopted suitability rules
at least as stringent at the NAIC Suitability in Annuity Transaction Model Reg #275 of 2010 and any successor thereto.
for the location of future growth are specified using a PSGM table interface.
Portfolio Construction -- Construct and implement highly customized portfolios using eligibility and suitability rules
, sophisticated analytics and expanded screening and filtering capabilities.
For example, investment advisers--including securities brokers and financial planners--must abide by the product suitability rules
imposed by NASD Rule 2310 and NYSE 405, which entail matching the risk against the return of the investments they sell to the economic and risk-tolerance profile of the client.
The National Association of Insurance Commissioners in December terminated its effort to adopt a model law that sought to achieve uniformity in suitability rules
While the approval and enforcement of suitability rules
will not end unscrupulous sales practices, the GFOA's position is that the rules will provide guidance for all market participants in understanding their roles and responsibilities in the investment process.
In the same vein, the Board is concerned that suitability rules
could impose a burden on the government securities market by adding to costs, delaying the execution of transactions and potentially limiting the range of legitimate investments available to a dealer's customers.