Friday, April 17, 2009

 

SEC Defends Authority to Treat Indexed Annuities as Securities

Responding to a lawsuit filed by annuities issuers and marketers, the U.S. Securities and Exchange Commission filed a legal brief saying its decision to regulate equity-indexed annuities as securities, not insurance products, is a reasonable interpretation of securities laws.

SEC Defends Authority to Treat Indexed Annuities as Securities
Source: Individual.com

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