North America News

Stifel slapped with US$2.3m penalty over structured notes sales

North America | Regulations & Legal

28 Nov 2024 by Summer Wang

Finra’s penalty is directed to one of the firm’s advisor embroiled in a total of 20 customer disputes.

SRP Americas Awards 2024: Stifel nears US$3bn in structured product sales

North America | Industry

27 Nov 2024 by SRP News

The broker-dealer with record US$496 billion client assets has won the Best Educational Initiative accolade at the SRP Americas Awards 2024.

FIA, Rila sold US$53bn in Q3 24, Allianz sales balloon

North America | Industry

26 Nov 2024 by Summer Wang

The US indexed annuity sales are again in record territory. Allianz, AuguStar, Lincoln blossom while Security Benefit and Symetra are in the shadow by sales.

Citi Loomis Sayles index launched via annuity

North America | Indices

25 Nov 2024 by Summer Wang

Nationwide has added the Loomis Sayles Discovery Index to its fixed index annuities (FIAs) in partnership with Citi and Annexus.

Spotlight on… Canada: single stocks with decrement feature

North America | Products

22 Nov 2024 by Summer Wang

There has been an increasing use the decrement overlay in single stock and stock basket underlyings in Canada this year.

US broker-dealer to recompense US$2m over XIV ETN sales

North America | Regulations & Legal

20 Nov 2024 by Summer Wang

Finra has imposed sanctions on a Georgia-based broker-dealer over its mis-selling of XIV, a now-defunct exchange-traded note (ETN) issued by Credit Suisse.

SRP Americas Awards 2024: Merrill broadens issuer partners, set to hit US$14bn sales

North America | Products

19 Nov 2024 by Summer Wang

The wealth manager arm of Bank of America (BofA) expects to further increase its custom structured note offerings from third-party issuers in 2025.

Exclusive: Causeway Securities opens NYC office, adds former iCapital executive

North America | People

18 Nov 2024 by Summer Wang

The UK structured product intermediary has opened a Manhattan office today as part of its "aggressive hiring and business plan”.

Annuities: BNPP unveils night owl index

North America | Products

14 Nov 2024 by Summer Wang

In this week’s roundup, we also look at the latest developments at Jackson, AIG and Principal on top of an update of IUL market.