We have fined two insurance companies this year for breach of these consumer requirements, following similar fines in previous years. Finally, we monitor and root out unsuitable retail intermediaries. We turn away unfit or improper applicants and revoke intermediaries that run afoul of our rules.
Roger W Ferguson, Jr: Technology, information production, and market efficiency Remarks by Mr Roger W Ferguson, Jr, Vice Chairman of the Board of Governors of the US Federal Reserve System, at a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming on 31 August 2001.