NAIFA President Terry K. Headley testified Tuesday, Sept. 13, on behalf of NAIFA members and their clients at a congressional hearing on the regulation and oversight of broker-dealers and investment advisers. Headley told the the House Committee on Financial Services' Capital Markets and Government Sponsored Enterprises Subcommittee that:

• SEC and DOL regulations on standard of care are likely to harm the ability of lower and middle-market investors to receive personalized investment advice and other important services; and,
• NAIFA recommends that FINRA serve as the self-regulatory organization to conduct periodic examinations of SEC-registered investment advisers.

Headley's testimony came the day before more than 1,000 NAIFA members participated in a September 14th Day-on-the-Hill in Washington, DC for NAIFA's 122nd Annual Meeting and Career Conference, September 10-14. NAIFA-Texas members, including CEO/CLO Des Taylor, President Stephen Ehlers and Government Relations Chair Jason Talley, attended 20 scheduled appointments with U.S. Senate and House members and will provide the NAIFA Leave Behinds listed below to all Texas Congressional members:

• Restoring Consumer Access to Health Insurance Agent Services
• Tax Reform, Tax Expenditures, Insurance & Annuities
• Fiduciary Standards: The best choice for Main Street investors?