Ahead: Dislocation, Turmoil, Angst… and Growth; The SEC Finally Speaks on Fixed Indexed Annuities
June 26, 2008
An open meeting took place on June 25 during which the SEC decided to propose a new rule (151A) that would require many fixed indexed annuities (those that count for virtually all of the sales made) to be registered as securities with the SEC. Chairman Christopher Cox made it quite clear that “senior [...]