Retention deal
Executives increase SEC litigation by 50%Posted by RJ and Makay on May 24, 2012 |
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The SEC has a reputation for being able to settle enforcement actions without going to court, but there has been a surge in companies and executives that are taking their case to trial. Currently there are 90 cases being litigated, which is a 50% increase over last year. Matthew Martens, the chief litigation counsel at the SEC, said that “at the end of the day, if we can’t win cases then people don’t settle. That’s the reality.”
Financial advisors seeking to reach the multi-million dollar level in assets under management (AUM) would do well to take the advice of four female advisors who led a panel at the Women Advisors Forum conference in Dallas earlier this week--learn when it is appropriate to turn away from new clients. Kelly Rigas, vice president and financial advisor in the Private Client Group at RBC Wealth, and three other women advisors spoke on a panel, “The Multi-Million Dollar Women.”
Life combination products grew by 56% in 2011, the third consecutive year of double-digit growth, according to LIMRA’s 2011 Individual Life Combination Products Annual Review. Life combination products total new premium reached $2.2 billion in 2011, representing about 13% of total individual life insurance new premium. Last year, more than 72,000 combination policies were sold, representing approximately 16% of all long-term care insurance policies and contracts.
