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Category Archives: Insurance Agencies

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Insurance Agencies Need Not Register as BDs

Posted in Broker-Dealer Regulation, Insurance Agencies

The SEC Staff would not recommend enforcement action if insurance agencies enter into insurance networking arrangements with registered broker-dealers for the offer and sale of variable products and make transaction-based payments based on the sale of these products without registering as broker-dealers. Historically, state insurance laws prohibited brokers from receiving insurance commissions without being licensed… Continue Reading