Role of federal securities regulation.
Securities laws regulate investments such as:
Stocks
Bonds
Variable life insurance
Variable annuities
Authority of the SEC.
The Securities and Exchange Commission (SEC) is the federal agency created by Congress to:
Enforce federal securities laws
Regulate securities markets
Protect investors
Relevance to insurance producers.
Maryland producers selling variable products must:
Hold an insurance license, and
Be registered with FINRA and regulated by the SEC.
Why the other options are incorrect.
The other agencies listed do not exist under federal law.
Conclusion.
The SEC enforces securities laws enacted by Congress.
