Dec. 17, 2008 — As some of you may have already heard, the SEC has adopted rule 151A with a 4-to-1 vote.
While we are disappointed with the SEC and this decision, we also want to keep you informed and up to date on what this means to you.
First the rule will not go into effect until January 12, 2011.
As information starts to gather, we are waiting to hear from our insurance companies on their plans of action and decisions regarding Rule 151A.
Throughout the past couple of years, RZ Financial Network has fought against the proposed Rule 151A and 05-50. We were also building relationships with agent- and rep-friendly broker dealers who understand the insurance industry and your FIA business. We believe that there is a wonderful opportunity for the insurance industry, and we look for the leadership of the companies that we all represent to put on their creative hats and design products with the consumer — and you — in mind.
As we receive more information about Rule 151A, we'll post updates on our website. Please visit regularly to stay updated.
We are a proud sponsor of www.sec151a.org, the annuity industry’s leading website for news and advice on proposed Rule 151A. We encourage you to visit this web site often to stay updated on the ruling. Among the site's content: You can currently hear the Top 10 Reasons why the SEC is wrong, read a congressional letter opposing the proposal and read the actual proposal.
Securities Survey We would also appreciate you taking one minute out of your day to answer the four-question survey, below. Your feedback helps us to better serve you, by telling us what we need to be doing, now, and in the future, to help you with your business.
If you are securities licensed and looking for a friendlier Broker Dealer, RZ Financial Network is a branch office for Broker Dealers that prides itself on it's elite service and overarching goal of making you and your client number one.
In addition, we count your EIA/FIA business toward your GDC. We offer a very very friendly GDC, along with cutting edge technology, unbelievable back office support and training opportunities and support to take your business to the next level.
For more information about this fantastic opportunity to move your securities business to a friendlier frontier, call Erica Dunbar at 888-849-8096 or email her at edunbar@rzfnetwork.com.
