NAIFA president issues statement on NARAB II

December 16, 2014

NAIFA is disappointed the Senate did not pass S.2244, the Terrorism Risk Insurance Program Reauthorization Act (TRIA), which included legislation that would have created a National Association of Registered Agents and Brokers (NARAB). NARAB II would have allowed insurance agents to operate in multiple states more efficiently. “NAIFA has worked hard to educate Congress about the potential benefits NARAB II would have offered to agents, brokers and consumers,” said NAIFA President Juli Y. Mc...

NAIFA applauds House for passing TRIA

December 10, 2014

Bill also includes agent licensing legislation known as NARAB II   The following statement was issued by NAIFA President Juli Y. McNeely , LUTCF, CFP, CLU “NAIFA applauds the House of Representatives for overwhelmingly passing S. 2244, the Terrorism Risk Insurance Program Reauthorization Act (TRIA), which contains the legislative text of NARAB II. A Senate vote is now imminent.   “Passage of House Amendment to S. 2244, which would extend the Terro...

In Effort to Collect 'Stories' from Investors, NAIFA Urges CFA to 'Tell All'

December 4, 2014

By Juli Y. McNeely , LUTCF, CFP, CLU NAIFA President The Consumer Federation of America is seeking “stories” from individual investors that most certainly will put financial advisors in a bad light. And from the story reported in the Wall Street Journal , it’s clear the CFA’s goal is not to discredit all advisors – only those who currently operate under a suitability standard of care. As the Department of Labor and the Securities and Exchange Commission consider rules that w...