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RegEd to Host NAIC Market Regulation Webinar for Compliance, Legal and Risk Management Professionals in the Insurance Industry

Educational Webinar Delivers Insight on Current Market Regulation Initiatives

Raleigh, NC, May 23, 2019 (GLOBE NEWSWIRE) — RegEd, the leading provider of compliance and risk management technology to the insurance and financial services industries will host a webinar “NAIC Update and Important Trends in Insurance Company Market Conduct” on May 30, 2019. The session will be led by Randy A. Helder, Assistant Director of Market Regulation, National Association of Insurance Commissioners (NAIC). Attendees will include executives and senior managers from Compliance, Legal and Risk Management across the insurance industry.

The webinar will provide attendees with insight into current NAIC Market Regulation initiatives. The evolution of the Market Regulation Handbook will be covered in detail, as well as the Market Regulation Certification. In addition, the webinar focused on the Market Conduct Annual Statement (MCAS) as a catalyst for market conduct examinations.

Merlinda Johnson, Director of Insurance Regulatory Compliance at RegEd, stated, “We are happy to host this webinar and continue our support of the NAIC. Attendees will benefit from Mr. Helder’s insight surrounding NAIC market regulation objectives and priorities.” Johnson continued, “It is vital that the insurance industry continuously engage with regulators and remain current on evolving market conduct and regulatory initiatives. By doing so, industry participants can better mitigate the risk of being subject to market conduct investigations and examinations.”

Registration for the webinar is open. Please visit here to RSVP for the event.

For more information regarding RegEd’s Enterprise Compliance Management Solutions for Insurance Companies, please call 800-334-8322 or email sales@reged.com.

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com.

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RegEd and IRI Announce Partnership to Deliver Training to Help Industry Professionals Comply With New York Regulation 187

The new course will inform producers of their obligations under the regulation to act in the best interest of clients when recommending annuities or life insurance transactions

Raleigh, NC, May 13, 2019 (GLOBE NEWSWIRE) — RegEd, the leading provider of Compliance Education and Product Training solutions for the financial services industry, has announced a partnership with the Insured Retirement Institute (IRI) to deliver a course to help meet New York Regulation 187 requirements.

The course, NY Reg 187: Suitability and Best Interest of Clients in Life Insurance and Annuity Transactions, informs producers of their obligations under New York Regulation 187 to act in the best interest of clients when recommending annuities or life insurance transactions. It discusses the process of determining suitability, the problem of conflict of interest, and disclosure to the client of the pros and cons underpinning a recommendation. The course discusses special rules related to replacement transactions and when a senior client is at risk due either to diminished capacity or financial exploitation.

“Producers must be equipped to comply with the new requirements of New York Regulation 187, and effective training in this area is critical to ensuring that the best interests of clients are being served,” commented Brandi Brown, Senior Vice President, Regulatory Affairs at RegEd. “We’re pleased to partner with IRI on this initiative to produce and deliver the course that will be the industry standard in meeting this requirement.”

RegEd delivers more than 1,250,000 CE courses and insurance certificates annually, as part of its Industry Training Platform. Firms rely on RegEd’s regulatory, compliance and education experts for their deep domain expertise and ability to consistently generate timely educational content that enables organizations to effectively adapt to changing requirements.

The course is now available on RegEd’s Industry Training Platform and targets these learning outcomes:

  • Discuss the fiduciary duties of care and loyalty and how these are related to your determination that a proposed sales transaction is suitable for your client;
  • List the situations in which Regulation 187 is applicable to recommendations of life insurance or annuity transactions;
  • Describe the types of client information you are required to collect in order to make a proper recommendation;
  • Explain what is required for a recommendation to be in the best interest of a client and how the analysis applies to both annuities and life insurance;
  • Discuss the special rules that apply to term life insurance and to in-force transaction for which new sales commissions are not paid;
  • Explain the special rules that apply to transactions in which an existing policy or contract is replaced by a new policy or contract;
  • Describe your obligations to protect senior clients in cases of diminished capacity or financial exploitation; and
  • Discuss insurer obligations both to verify that your recommendations are in your clients’ best interest and generally to supervise your adherence to the requirements of Rule 187.

RegEd representatives will be onsite at the IRI ACTION19 conference in Washington, DC, May 15-17. RegEd solution and subject matter experts will demo the new course on Friday, May 17th from 8:00 AM – 8:30 AM in the Continental Room at the Capital Hilton Hotel.

For more information on this new course or the RegEd Industry Training Platform, contact sales@reged.com.

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com.

About IRI

The Insured Retirement Institute (IRI) is the leading association for the entire supply chain of insured retirement strategies, including life insurers, asset managers, and distributors such as broker-dealers, banks and marketing organizations. IRI members account for more than 95 percent of annuity assets in the U.S., include the top 10 distributors of annuities ranked by assets under management, and are represented by financial professionals serving millions of Americans. IRI champions retirement security for all through leadership in advocacy, awareness, research, and the advancement of digital solutions within a collaborative industry community.

RegEd Named CE Quality Partner by CFP Board

RegEd Named CE Quality Partner by CFP Board

RegEd has been named a “CFP Board CE Quality Partner” after successfully meeting criteria established by Certified Financial Planner Board of Standards Inc. (CFP Board).

As a CE Quality Partner, RegEd has demonstrated a commitment to developing continuing education (“CE”) programs that meet a high set of standards outlined by CFP Board.  To achieve and maintain status as a CE Quality Partner, RegEd agreed to have a random number of self-study and live programs reviewed against a rigorous evaluation rubric developed by CFP Board’s Council on Education.  RegEd is now one of only nine CE Sponsors listed on CFP Board’s website as a CE Quality Partner, and is authorized to identify itself as such on its program materials.

A not-for-profit certifying organization, CFP Board owns the CFP® and CERTIFIED FINANCIAL PLANNER™ certification marks, which it awards to individuals who meet its education, examination, experience, ethics and other requirements.  CFP Board currently authorizes more than 76,000 individuals to use these marks in the U.S., each of whom must complete a minimum of 30 CE hours every two years as part of the requirements for renewal of CFP® certification.

The CE Quality Partner program is part of the multi-year CE Quality Initiative that CFP Board's Board of Directors approved, with the goal of assuring that CFP® professionals have access to a variety of quality CE opportunities that are diverse in their content, format and delivery. CFP Board has implemented several phases of the initiative, focused on improvements to CE standards identified by the Council for Education to better align CFP Board with industry best practices.

“RegEd’s mission is to enable our client firms and end users to grow their business, equipped with the compliance and subject matter expertise they need to consistently meet the requirements of regulators and better serve their customers,” commented Angela Pace, Chief Operating Officer at RegEd. “Designation as a CFP Board CE Quality Partner is validation of our ability to consistently deliver the highest quality course content and education management solutions for our industry.”

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

About CFP Board

The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. The Board of Directors, in furthering CFP Board's mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and the federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. CFP Board currently authorizes more than 76,000 individuals to use these marks in the U.S.  For more about CFP Board, visit www.CFP.net.

RegEd Selected as Best in Class Solution for 1st Global’s Enterprise Empowerment Initiative

RegEd Selected as "Best-in-Class" Solution for 1st Global's Enterprise Empowerment Initiative

RegEd, the leading provider of enterprise Compliance Management, Licensing and Registration and Compliance Education solutions, has announced a partnership with 1st Global, an independent wealth management partner to exceptional CPA firms, to be a part of the company’s Enterprise Empowerment Initiative (EEI). 1st Global recently announced a firm-wide overhaul of its technology infrastructure and RegEd solutions will serve as a key component for the initiative and drive efficiency across a range of critical business processes.

After an extensive due diligence process, 1st Global selected RegEd to manage advertising compliance, registration renewal, firm element training, outside business activities reconciliation, personal securities account management and new advisor licensing as part of the new platform. 1st Global will also utilize RegEd SCORE® Risk Control Center, which delivers a comprehensive view into the status of compliance requirements at the company level or specific to the individual.

“1st Global’s empowerment initiative demonstrates the firm’s ongoing commitment to compliance excellence in enabling employees and partners to adapt to a changing business landscape,” commented John M. Schobel, Chief Executive Officer at RegEd. “The role that integrated technology and effective data management play in an undertaking like this cannot be overstated. We’re pleased that RegEd was selected for the breadth of our solution suite and an unmatched ability to holistically address 1st Global’s rigorous requirements.”

The EEI began to take form more than two years ago when 1st Global’s senior executive team identified the firm’s need to enable its affiliated firms and the people in its own organization to better serve their clients. Over time, the initiative has evolved into the largest investment in internal infrastructure in the company’s 24-year history.

“We are incredibly excited about the launch of the Enterprise Empowerment Initiative, which will deliver the resources and capabilities to enable the continued success of our business,” said Adam Schaub, Chief Compliance Officer for 1st Global Capital Corp. and leader of the new compliance system. “Our affiliated advisors and home office employees benefit greatly from partnering with leading providers like RegEd to ensure that 1st Global’s technology resources represent the gold standard of our industry and enable compliance and operational excellence across the organization.”

About RegEd

RegEd, Inc. is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

About 1st Global

1st Global was founded in 1992 by CPAs who believe that accounting, tax and estate planning firms are uniquely qualified to provide comprehensive wealth management services to their clients. 1st Global is a research and consulting partner that provides CPA, tax and estate planning firms with the education, technology, business-building framework and client solutions that make these firms leaders in their professions through dedicated professional client relationships built around wealth management. Around 400 firms have chosen to affiliate with 1st Global, making it one of the largest financial services partners for the tax, accounting and legal professions.

Securities are offered through 1st Global Capital Corp., which is a Member of FINRA and SIPC and is headquartered at 12750 Merit Dr., Ste. 1200 in Dallas, Texas, 214-294-5000. Investment advisory services are offered through 1st Global Advisors, Inc. Additional information about 1st Global is available at www.1stGlobal.com.

RegEd Announces Partnership With IRI on Training to Help Industry Professionals Comply With the DOL Fiduciary Rule

RegEd Announces Partnership With IRI on Training to Help Industry Professionals Comply With the DOL Fiduciary Rule

RegEd, the leading provider of Compliance Education and Product Training solutions for the financial services industry, has announced a partnership with the Insured Retirement Institute (IRI) to offer a series of courses for financial professionals and home office personnel as part of a new training initiative. The modules will enable firms in the securities and insurance industries to effectively train employees on the new and changed standards that have been the product of the DOL fiduciary rule.

“Firms must be equipped to prepare their employees and partners to comply with fiduciary rule requirements,” commented John M. Schobel, Chief Executive Officer at RegEd. “As the industry’s understanding of the rule continues to evolve, effective training content will be developed by subject matter experts who are continuously monitoring the regulatory landscape. We’re pleased to be a part of this initiative, which has been shaped with input from more than 800 industry professionals representing more than 100 leading firms.”

RegEd delivers more than 1,250,000 CE courses and insurance certificates annually. Firms rely on RegEd’s regulatory, compliance and education experts for their deep domain expertise and ability to consistently generate timely educational content that enables organizations to effectively prepare their employees to adapt to changing requirements.

“Training will be one of most critical parts of implementing the DOL’s Fiduciary Rule, which is the most massive regulatory change to impact the industry in decades,” said Cathy Weatherford, IRI President and CEO. “We are proud to partner with RegEd on this initiative so that we can support financial professionals and home office personnel through this process by providing them with clear, streamlined and digestible training.”

The first course in the series of training modules is fully developed and will be available in October (insurance CE credit will be applied for).  Module One provides a comprehensive overview of the DOL rule and the Best Interest Contract (BIC) Exemption, including the following sections: About the DOL Fiduciary Rule; Exceptions from the Rule; Being an ERISA Fiduciary; Understanding Your Fiduciary Responsibilities; The Best Interest Contract (BIC) Exemption; Level-Fee Advisors under the DOL Fiduciary Rule; Impact on Advisor Compensation; Recommending Rollovers under the DOL Fiduciary Rule; Impact on Client Relationships; and Special Rules for Proprietary Products and Fixed-Rate Annuity Contracts. This module is appropriate for anyone whose job is affected by the rule.

Three additional modules are also in development, including a two-part course for financial professionals who are fiduciaries under the new rule to meet the requirements of the new best interest standard, and a course focused on the responsibilities of broker-dealer and insurer home office personnel under the rule.

For more information on the DOL fiduciary rule training initiative, contact sales@reged.com.

About RegEd

RegEd, Inc. is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

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