Friday, December 11, 2009
For Now, SEC Shifts Gaze From Indexed Annuities
When a federal push to curb investor risk put certain annuities under the eye of financial industry regulators, the move drew complaints from insurers who insisted their products worked different than traditional securities and independently of the stock market.
On Wednesday, the Securities and Exchange Commission took the insurers’ protest to heart and issued a two-year stay on a rule that would have brought indexed annuities under the jurisdiction of the SEC and the eyes of the Financial Industry Regulatory Authority...
SmartMoney: For Now, SEC Shifts Gaze From Indexed Annuities
On Wednesday, the Securities and Exchange Commission took the insurers’ protest to heart and issued a two-year stay on a rule that would have brought indexed annuities under the jurisdiction of the SEC and the eyes of the Financial Industry Regulatory Authority...
SmartMoney: For Now, SEC Shifts Gaze From Indexed Annuities
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