November 29, 2008
What is a lisc Ins agent able to disscuss regarding investments ?
fred6636 asked:
This for comparison sake of the pros and consof different investments compared to say indexed or fixed annuities.
In the office or in a seminar… and be in compliance with NASD rules-tho they do not regulate ins agents not NASD lisc?
Can you disscuss generalities ie assett allocation and risk without giving specific investment advice on say funds etc? Fees-can you mention ??
Again: compliance for agents with state Ins lic only without NASD lisc…the dos and donts to stay kosher!
This for comparison sake of the pros and consof different investments compared to say indexed or fixed annuities.
In the office or in a seminar… and be in compliance with NASD rules-tho they do not regulate ins agents not NASD lisc?
Can you disscuss generalities ie assett allocation and risk without giving specific investment advice on say funds etc? Fees-can you mention ??
Again: compliance for agents with state Ins lic only without NASD lisc…the dos and donts to stay kosher!
Filed under Investing by Administrator
Comments on What is a lisc Ins agent able to disscuss regarding investments ?
Do not talk about investments at all. That is your only choice. Otherwise, get a securities licences or register as an investment adviser.
That is the eay answer; there are more nuances, but it would require a lot more info on your part.
You can report this question with more detail on and real securities attorneys may chime in with the appropriate solution.
An insurance agent shouldn’t be discussing investments, at all. Everything they sell is a fee-loaded, piss-poor returner. If someone wants to invest, they should buy mutual funds, not annuities or whole life policies.
An insurance agent can discuss the benefits of products they offer and are licensed to discuss. They cannot tell the client to sell stock or mutual funds, or instruct them that they are not in the right investments. All Insurance Agents are allowed to do is point out the benefits of Annuities (Fixed) and the safety features vs. being in the market. The piss poor interest as one of your answers refer to are not as important to some people (Such as seniors) as safety, avoiding probate, and the risk that comes with Mutual Funds and the Stock Market.