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: Structured Settlements 4RealEquity Indexed Annuities To Be Regulated As Securities...SEC
By John Darer
The Securities and
Exchange Commission (SEC) today approved adopting rules on a 4-1 vote based on
SEC proposed Rule 151A**, which is intended to regulate equity indexed annuity
products as securities, rather than the non-securities treatment they have
received to date. The effective date appears to be January
2011. Additional details are forthcoming.
Structured settlement consultants who are currently selling equity indexed annuities to tort victims will need to obtain the appropriate licenses and affiliations to be able to sell the product in the future.
Full post as published by Structured Settlements 4Real on December 17, 2008 (boomark / email).
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