Regulators tackling EIA status
The SEC is expected soon to determine whether equity index annuities should be classified as securities or insurance products, according to an InvestmentNews report.
The SEC is expected soon to determine whether equity index annuities should be classified as securities or insurance products, according to an InvestmentNews report. The goal is to eliminate confusion created by last year’s NASD guidance that brokerage firms should be supervising the sale of such products. According to the report, regulators should conclude a review of the issue in the next several months.
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