Monday, June 29, 2009
NAIC suitability provision for annuities a ruse
...First, equity index annuity providers and marketers became panicky when the former NASD, now the Financial Industry Regulatory Authority Inc. of New York and Washington, started to push for broker-dealer oversight on the sale of these complex products. Then the Securities and Exchange Commission was forced to consider classifying and regulating these products as a security.
Fear gripped the distribution channels that didn't want to get another license or be conformed to suitability standards...
Investment News: NAIC suitability provision for annuities a ruse
Fear gripped the distribution channels that didn't want to get another license or be conformed to suitability standards...
Investment News: NAIC suitability provision for annuities a ruse
Permalink posted by markw @ 4:35 AM 
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