News
July 20, 2010
Legislative UpdateSenate Passes Historic Wall Street Reform BillLast week, the Senate passed H.R.4173, the Wall Street Reform and Consumer Protection Act on a 60-39 vote.
The bill is the most comprehensive regulatory reform of the financial services industry since the Great Depression. It includes provisions that would require the Securities and Exchange Commission to conduct a six-month study of the standards of care used by brokers, dealers and investment advisors; establish a Consumer...
July 15, 2010
This afternoon, the Senate passed H.R.4173, the Wall Street Reform and Consumer Protection Act on a 60-39 vote.
The bill is the most comprehensive regulatory reform of the financial services industry since the Great Depression. It includes provisions that would require the Securities and Exchange Commission to conduct a six-month study of the standards of care used by brokers, dealers and investment advisors; establish a Consumer Finance Protection Agency; preempt implementation of SEC...
July 14, 2010
Federal Court of Appeals Vacates SEC Rule 151a
On Monday, July 12 the United States Court of Appeals for the District of Columbia vacated SEC Rule 151a in the case of American Equity v. SEC (No. 09-121).
The three judge panel vacated Rule 151a in lieu of granting the petitioners’ request for a rehearing on the matter, citing the SEC’s failure to appropriately “consider the effect of the rule upon efficiency, competition, and capital formation.”
Rule 151a will not go into effect and jurisdiction...
July 14, 2010
NAILBA, in conjunction with the LIFE Foundation, invites our members and the general public to cast their vote to help determine which of three college-age students is most deserving of one of the top scholarships in the LIFE Lessons Scholarship Program. NAILBA, through our Charitable Foundation, supports this scholarship program with an annual grant, recognition of the scholarship recipient at our Annual Meeting and through our membership in the LIFE Foundation. The three scholarship...
July 6, 2010
Update on Regulatory ReformNAILBA Member agency principals received an Issues Alert on June 25 sharing an update on the progress of Regulatory Reform. Read the Issue Alert here!
The House of Representatives has voted 237-192 to approve the Financial Services Regulatory Reform legislation (H.R.4173, The Wall Street Reform and Consumer Protection Act) as amended by the Congressional conference committee tasked with reconciling the House and Senate versions of the legislation.
However, the death...
June 25, 2010
Early this morning, the Congressional conference committee tasked with reconciling the House and Senate versions of Financial Services Regulatory Reform legislation (H.R.4173, The Wall Street Reform and Consumer Protection Act) agreed on a compromise bill that will be sent to Congress for a final up-or-down vote before going to President Obama for his signature.
NAILBA has a key interest in multiple provisions of this bill:
A compromise was reached on the standards of care issue. Instead...
June 22, 2010
Welcome New Member!NAILBA is pleased to welcome the following new Emeritus member:
John D. KistnerPresidentKB Financial Services, Inc.P.O. Box 12809Mill Creek, WA 98082425-220-1938john@kbfinancial.com
If you know of an agency interested in joining NAILBA, please contact Naomi Romanchok at 703-383-3072 or nromanchok@nailba.org.
NAILBA 29 Registration and Housing Open NOW!Registration for NAILBA 29, November 18-20 in Grapevine (Dallas), Texas opened June 1. Registration is available online...
June 8, 2010
NAILBA 29 Registration and Housing Open NOW!Registration for NAILBA 29, November 18-20 in Grapevine (Dallas), Texas is now open. Registration is available online on the registration page of the NAILBA 29 web site, or you may fax or mail your completed registration form to NAILBA headquarters. Agency principals were emailed “discount codes” to facilitate complimentary registrations (one per member agency). If you did not receive your member discount code, please contact Meredith Maslich at...
May 25, 2010
NAILBA 29 Registration and Housing Opens Next Week!Registration for NAILBA 29, November 18-20 in Grapevine (Dallas), Texas opens next week. Beginning June 1, registration will be available online on the registration page of the NAILBA 29 web site, or you may fax or mail your completed registration form to NAILBA headquarters.
Agency principals, sponsors and exhibitors will receive an email next week with personalized discount codes, which must be used to access complimentary registrations....
May 11, 2010
Agency Management Institute: See You There!Speakers, sponsors and staff are gearing up for Agency Management Institute, later this week in Lombard (Chicago), IL. Registration for AMI is just $199 - register now or register on-site at the meeting!
Included in this budget friendly registration fee:
Two (2!) all new Ritz-Carlton Leadership Center customer service sessions, plus workshops, a panel discussion, Product Training University and an overview of the latest on teleunderwriting and...
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