Resources & Updates on the DOL Fiduciary 3.0 Rule. Learn more and get involved here!

AALU Statement on Massachusetts Proposed Fiduciary Standard of Conduct

FOR IMMEDIATE RELEASE                                                                                                        Contact: Katherine Knight Patterson
January 8, 2020                                                                                                                              (703) 641-8142 

AALU Statement on Massachusetts Proposed Fiduciary Standard of Conduct

AALU CEO responds to Massachusetts proposed fiduciary regulation with 12 leading industry association leaders.

WASHINGTON, D.C.—AALU President and CEO Marc Cadin today released the following statement on the Proposed Fiduciary Standard of Conduct for Massachusetts Broker-Dealers, Agents, Investment Advisers, and Investment Adviser Representatives:

“The revised Massachusetts proposal, as written, would undoubtedly cut off much-needed advice and access to retirement savings and financial services for hard-working individuals and families across the state,” said AALU CEO Marc Cadin. “Broker-dealers and other financial security professionals would face unworkable state rules that will directly conflict with the important work of the SEC and the NAIC. AALU strongly urges the state of Massachusetts to take a hard pause and work with stakeholders to significantly modify this proposal to avoid harming the very consumers it is intended to protect.”

Read the full letter here.


About AALU

Since 1957, AALU, the Association for Advanced Life Underwriting, has been the leading organization of financial professionals who provide life insurance and retirement planning solutions for individuals, families, and businesses. AALU has a rich history of success with a single focus on the issues impacting life and annuity products, and the clients its members serve. Headquartered in Washington, D.C., AALU is committed to providing its members with the essential tools and services required to help grow their businesses, serve their clients, and protect the financial and retirement security of the American people. AALU announced on July 29, 2019, that they will be joining with GAMA International to form a new organization representing the financial security profession.

Featured Upcoming Event:

Finseca Policy Newsletter

Watch for this bi-weekly newsletter in your inbox on Tuesday evenings. Stay up to date on legislative and political happenings…


Access website resources and articles.

My Finseca

Access communities and learning environments.


Together, we elevate our profession by serving the needs of our members. We protect dreams and promote financial wellbeing for all. We are the home of the top financial security professionals. Together, we are Finseca.


Finseca events put insight and intentionality front and center, helping financial security professionals protect and enhance the financial well-being of people, families, and businesses everywhere.


As the home of the top financial security professionals, Finseca will elevate the reputation and visibility of the work our members do.


Access searchable content in one place! It has never been easier to find what you need to accelerate your business and maximize results. From deeper dives into diverse topics on policy and regulation, to one-pagers and webinars featuring experienced industry leaders, the Finseca Resource Library is your one-stop shop for quick and actionable tools.


Finseca’s Communities are designed to help meet the needs of each unique community within the financial security profession. Our model brings the profession together for issues that impact everyone, while also providing a customized, community-focused structure for discussion and collaboration in a more intimate setting for different areas of the profession.