Friday, August 04, 2006

 

NASD Amends Controversial Deferred VA Rule

Although NASD has amended a controversial proposal that would boost standards involving the sale of deferred variable annuities, some industry interests continue to put up a fight.

In comment letters filed last month, more than 100 industry representatives took shots at the latest changes to a proposal that would require sellers of deferred variable annuities to meet special suitability requirements.

NASD Amends Controversial Deferred VA Rule
Source: Investment News (subscription required)

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