National Association of Insurance and Financial Advisors

NAIFA Blog

Gov. Baker Expresses Concern about Massachusetts Fiduciary Proposal

January 8, 2020

Massachusetts Gov. Charlie Baker sent a letter asking Secretary of the Commonwealth Bill Galvin to delay action on the “Fiduciary Conduct Standard for Broker-Dealers, Agents, Investment Advisers, and Investment Adviser Representatives” proposed rule.   The governor cites several concerns “based on feedback” that overlap with those NAIFA made in comment letters to the Securities Division and in comments made yesterday at a public hearing by NAIFA CEO Kevin Mayeux .   “NAIFA appr...

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NAIFA in the News: Media Coverage of Massachusetts Hearing Highlights NAIFA CEO Testimony

January 8, 2020

NAIFA CEO Kevin Mayeux's testimony featured prominently in media coverage of yesterday's Massachusetts Securities Division hearing on the state's fiduciary proposal. Below is a selection of the articles. ThinkAdvisor , Jan. 7, 2020, by Melanie Waddell: “Business Groups Blast Massachusetts Fiduciary Plan as Comment Period Ends.”   "Kevin Mayeux, CEO of the National Association of Insurance and Financial Advisors, said during his testimony that NAIFA has 'significant concerns that the...

NAIFA CEO Joins Other Industry Leaders to Testify on Massachusetts Fiduciary Proposal's Flaws

January 7, 2020

NAIFA CEO Kevin Mayeux testified today at a hearing of the Massachusetts Securities Division that a proposed fiduciary standard of care for financial professional in the state would likely harm many of the consumers it aims to protect.   Mayeux was one of several industry thought leaders, also including Susan Neely, President and CEO of the American Council of Life Insurers (ACLI), Wayne Chopus, President and CEO of the Insured Retirement Institute (IRI), Dale Brown, President and CEO of ...

NAIFA's Mayeux to Testify on Massachusetts Fiduciary Proposal

January 6, 2020

NAIFA CEO Kevin Mayeux is set to testify tomorrow before the Massachusetts Securities Division concerning the state’s proposed fiduciary duty for insurance and financial professionals (i.e., proposed amendments to 950 CMR 12.200). He will testify on behalf of NAIFA’s national organization and the NAIFA-Massachusetts state chapter.   NAIFA supports efforts to ensure that financial professionals act in the best interests of their clients, Mayeux will testify , but has significant concerns ...

Happy New Year from NAIFA!

January 2, 2020

Happy New Year from your friends and colleagues at NAIFA! The past year was a very exciting one for your professional association, as our transformation under the NAIFA 20/20 strategic plan flew into high gear and brought changes to our structure and programming to provide every NAIFA member with a high-quality membership experience. I am pleased to report that 2020 promises to bring even greater energy, new programs, and further advocacy successes. This year, 2020, is NAIFA’s 130 th ann...

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