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Diane Publishing Books
Financial Product Sales: Actions Needed to Better Protect Military Members
Richard J. Hillman (au)
In 2004, a series of press articles alleged that financial firms were marketing expensive & potentially unnecessary insurance or other financial products to members of the military. To assess whether military service members were adequately protected from inappropriate product sales, this report examined: (1) features & marketing of certain insurance products being sold to military members; (2) features & marketing of certain securities products being sold to military members; & (3) how financial regulators & the Dept. of Defense (DoD) were overseeing the sales of insurance & securities products to military members. Includes recommendations. Charts & tables.
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