SOURCE: IMSA

IMSA

October 01, 2009 13:51 ET

Social Networking Summit Meeting: FINRA and NAIC to Address New Technology & Marketplace Standards

AARP-IMSA to Host Summit on Escalating Consumer Protection & Compliance Challenges

WASHINGTON, DC--(Marketwire - October 1, 2009) - Social networking has caused a convergence of consumer protection and compliance-related challenges which are rapidly escalating. On October 8, 2009, AARP and IMSA will convene social networking experts, state and federal regulators, consumer representatives, insurance agents, financial advisers and insurance companies to identify key issues in the insurance and financial services industries presented by the increasing use of websites such as LinkedIn, Facebook, Twitter and other social networking vehicles.

The Summit will feature Joseph Price, Chair of the Financial Industry Regulatory Authority's (FINRA) Social Networking Task Force, who will update attendees on FINRA's findings on these issues. Illinois Department of Insurance Director Michael McRaith will provide a state regulatory perspective, and Kip Gregory, a specialist in teaching agents and advisers how to leverage technology effectively, will explain how social networking websites work in the insurance and financial services sectors, and how they are currently being used to attract new customers.

Media is welcome to attend, but pre-registration is required. Please contact Jennifer Kalita at (240) 744-3021 to obtain credentials. For more detailed information, visit www.IMSAethics.org.

What:   AARP & IMSA Social Networking Summit:
        Consumer Protection & Compliance in an Online World

Who:    Social networking experts, state and federal regulators, consumer
        representatives, insurance agents, financial advisers and
        insurance companies

Where:  Ronald Reagan Building & International Trade Center
        1300 Pennsylvania Avenue, NW
        Washington, D.C. 20004

When:   Thursday, October 8, 2009 from 10:00 a.m. - 4:00 p.m.

As a voluntary self regulatory organization, IMSA promotes ethical business practices by setting national standards in the annuities, life insurance and long-term care insurance marketplace that IMSA-certified companies must abide by in all 50 states. Nearly half of all US consumer premiums are sold by companies already adhering to IMSA standards. Learn more at www.IMSAethics.org.

Contact Information

  • Contact:
    Jennifer Kalita
    (240) 744-3021