Tuesday, May 11, 2010
Harkin, Other Dems Back Indexed Annuity Amendment, And Other S. 3217 News
Sen. Thomas Harkin has offered an amendment to S. 3217, the Restoring Financial Stability Act bill, that would give states and territories explicit authority to regulate indexed annuities.
The amendment, S.A. 3920, would define indexed annuities as insurance products and nullify Rule 151A, an effort by the U.S. Securities and Exchange Commission to classify indexed annuities as securities and put regulation of the products in the hands of securities regulators...
NU: Harkin, Other Dems Back Indexed Annuity Amendment, And Other S. 3217 News
The amendment, S.A. 3920, would define indexed annuities as insurance products and nullify Rule 151A, an effort by the U.S. Securities and Exchange Commission to classify indexed annuities as securities and put regulation of the products in the hands of securities regulators...
NU: Harkin, Other Dems Back Indexed Annuity Amendment, And Other S. 3217 News
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