An individual or firm engaged in the business of buying and selling securities for itself or on behalf of others. This entity can act as both a broker that matches buyer and seller of securities, and as a dealer that takes its own ownership position in a financial transaction.
Adam J. Bryan is Managing Director and General Manager of the Depository Trust and Clearing Corporation’s (DTCC) Insurance &Retirement Services.
DTCC’s Insurance and Retirement business unit is the central messaging hub for...
Broker Dealer
The Securities and Exchange Commission’s (SEC) proposed Rule 151A would change the securities status of indexed annuities from fixed insurance products to registered, securities products.
The proposed rule would have a significant impact on their entire industry landscape. SEC 151A would affect the way in which insurance companies develop...
A recent study from Cerulli Associates indicates that registered investment advisors (RIA) are more than hesitant to recommend annuities to their clients.
The report surveys and compares the views of various forms of financial advisors. Not surprisingly, financial advisors’ product views are tightly related to the financial incentives that support their business models. Consider, for example, the following:
