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: FinancialCounselSEC Proposes Changing The Rules To Better Protect Purchasers Of Equity Indexed Annuities
By James Eccleston
Recently, The Securities and Exchange Commission (SEC) published for public comment its proposed new rule aimed at protecting investors, especially senior investors, against the abuses associated with the marketing and sale of equity indexed annuities. Sales of equity indexed annuities have grown dramatically in recent years, with $25 billion sold in 2007, for a total outstanding value of $123 billion of equity indexed annuities held by investors.
Let's examine why the SEC is concerned, what it proposes to do, and how the proposed rule will protect investors.
Full post as published by FinancialCounsel on July 17, 2008 (boomark / email).
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