What are the governing bodies that oversee investment professionals?

What are the governing bodies that oversee investment professionals?

There's really three kind of main governing bodies that are overseeing the actions of financial professionals. There's the SEC, the Securities and Exchange Commission. There's the NASD, National Association of Securities Dealers. Then there's the state insurance regulators. So someone who's actually dealing with insurance products, life insurance, annuities, health insurance, they're actually going to be licensed by each individual state's insurance regulators.