A federal judge agreed with a 28-year veteran agent that he was muscled out of his book of business by The Allstate Corp.
A controversial California bill that would punish firms for misclassifying employees as independent contractors was amended last week, lightening the compliance burden for broker-dealers
A pair of registered representatives with Planmember Securities Corp. in Texas face the loss of their securities licenses and fines of $100,000 each for the improper sale of life settlement notes.
Asset manager launches mutual fund suite for 401(k) funds
Offering a record keeper's funds does not lead to a violation of fiduciary duty, Reish says
Veteran insurance agent Paul A. Mattus has filed suit against The Allstate Corp., claiming that the carrier muscled him out of his book of business and passed it on to a newer, younger agent
U.S. life insurers had a fairly small appetite for mergers and acquisitions last year, with much of the activity encompassed in AIG's shedding of its foreign life insurance subsidiaries
U.S. units of Aviva, Allianz placed on review with negative implications due to parents' EU exposure
Insurer agrees to settle charges it violated the FCPA; carrier allegedly netted $11.4M from $3.6M in payments
Sun Life's decision to exit the VA and life insurance businesses in the U.S. came as a big surprise. The Canadian outfit's departure also leaves distributors hurting for choices.
