Wednesday, December 16, 2009


Benelli: SEC chickens out on annuity rule

Last week, in a filing with the U.S. Court of Appeals the Securities and Exchange Commission (SEC) agreed to a two-year delay in the implementation of it’s controversial Rule 151A which would have required so-called “indexed” annuities to be regulated in the same manner as securities... Under the SEC “capitulation” to the insurance industry rule 151A will be shelved until January of 2013, giving that industry another 3 years to push an unregulated product that has sometimes been called the AK-47 of senior abuse — the indexed annuity... Times-Herald: Benelli: SEC chickens out on annuity rule

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