Democratic representative Gregory Meeks, along with republican representative Tom Price, has introduced the Indexed Annuities and Insurance Products Classification Act of 2009, a bill intended to preserve state authority over indexed annuities.
H.R. 2733, which has been referred to the House Committee on Financial Services, would reverse Rule 151A, which classifies indexed annuities as securities and, therefore, makes them subject to regulatory oversight from the SEC and the Financial Industry Regulatory Authority, or FINRA.
December 4, 2013
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December 2, 2013
Annuities finally in the spotlight
November 26, 2013
California AG asks for review of Neasham reversal
November 21, 2013
Proposed derisking regs called burdensome
November 11, 2013
Retirement, annuities boost Pru’s third quarter
November 1, 2013
Annuity regulation: NAFA's Kim O'Brien on the coming storm