New FINRA Rule 2330 (formerly NASD Rule 2821) is set to take effect on February 8, 2010. Since Rule 2821’s original effective date of May 5, 2008, firms have been required to maintain certain suitability, supervision and training policies and procedures for purchases and exchanges of deferred variable annuities. Now, new Rule 2330 reinforces those obligations while making effective the previously approved amendments on principal review/approval and supervisory procedures. For further guidance, see FINRA Regulatory Notice 10-05 on Deferred Variable Annuities.

Learn about FrontLine's VAST Program for Rule 2330

FrontLine Compliance, LLC is a regulatory compliance consulting firm of former high-level regulatory insiders offering customized services to broker-dealers, investment advisers, investment companies, hedge funds, and insurance company affiliates. Staffed by former SEC and FINRA regulators, and chief compliance officers, FrontLine Compliance provides the kind of industry knowledge, experience and expertise on regulatory issues only available from well-seasoned insiders. For more information about the firm, please visit www.frontlinecompliance.com.

FrontLine Compliance, LLC
phone: 888-518-8070
email: info@frontlinecompliance.com
www.frontlinecompliance.com
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