Comments About – SEC – Securities and Exchange Commission

Comments About – SEC – Securities and Exchange Commission

That tests the limits of the SEC staff’s gullibility, believe me it does.

— W. Randolph Thompson, with the law firm of Jones & Blouchin Washington, will speak on some SEC issues

1993 – SOA – Variable Products — Product for the 1990s?, Society of Actuaries – 22p

• First of all, the SEC is slow.
• It does not understand insurance.
  • It thinks it is dealing with a complicated mutual fund.
• It has 600 lawyers and no actuaries.
• I do not know whether that is good or bad, but it does not speed things up, that’s for sure. 
• The people there speak a different language from the state insurance regulators we are used to.

—  Gilbert W. Fitzhugh,  Senior Vice President and Actuary at PRUCO Life, stock subsidiary of the Prudential Insurance Company

1986 – SOA – Variable Life/Fixed and and Fexible Premium, Society of Actuaries – 38p